Well, we're not looking to have a one-size-fits-all approach to this. In some cases we do expect we will harmonize our regulations with the European Union. In other cases they may harmonize theirs to ours, but those will probably be fairly limited cases. The more common outcome will be looking towards recognition of the process and each other's internal assessments and accepting those. A mutual acceptance that the regulations will achieve the same kind of level of protection is likely a big part of where we will go.
That's in dealing with existing regulatory differences that we're trying to confront now. What we have a greater hope for is the whole issue of regulatory cooperation, where we're going to have a window into each other's regulatory systems that will allow us to either start off from the same direction initially or, at a minimum, be able to flag any concerns before the regulations are actually drafted and become law.
As a closing comment, the whole area of how we deal with regulatory standards has been agreed by my counterpart and me as an area that needs some brainstorming, a much more in-depth examination of what we can do to come up with a system that really works between our two regulatory approaches. We are putting a lot of effort into that.