Thank you, Chair.
My question is for Laura Jones.
Let's talk a bit about the regulatory bodies.
There's been a lot of chatter and opposing views regarding politicians being the ones making decisions when it comes to matters like provincial regulatory affairs around securities law. Sometimes I see certain politicians get into the decision-making of a securities regulator, especially when it comes to innovative engagement. The Bank of Canada, for example, is an area where politicians are making claims that they want to be the governor and promote other forms of currency, it seems.
From your vantage point, how do you see the integrity of the system, especially on the Canadian regulatory side—the legitimate side? People come to Canada for certain reasons. One of them is that they're safe from interference. I would like to know your thoughts on arm's-length relationships with regulatory authorities.