I think it was last week that Paul Volcker, the former chairman of the Federal Reserve, held up Canada as kind of the poster child of how to get financial regulation right and in fact argued that Canada is a good model for the United States. That being said, lecturing others on the Canadian model may make you feel good, but it tends to make others feel rather nauseated.
I think our bigger challenge—because we do have credibility in these areas—is to translate that into effective diplomacy in what is going to be an ongoing series of negotiations about the reform of international financial institutions. And right now there's a lot of hysteria. The European Union is rushing into high regulatory mode; the Americans continue to be resistant to it, largely for domestic political reasons. I think we can bring a stable, sober, measured voice to those discussions.