When we operate in whatever country we operate in, we respect the rules and regulations in place in that country and in Canada. That goes without saying.
The main advantage for the TPP from a financial services perspective is that it places our banks and our competitors in Canada on a level playing field with the domestic institutions. That is the fundamental aspect of it from a financial services perspective.
In terms of the privacy considerations, we respect the letter of the law in the various countries we operate in. I don't think TPP changes that. The main advantage is simply that we will be treated the same way as every other foreign bank is in whatever TPP country we go into.
We don't see it as a big challenge on the privacy side. We just see it as an opportunity for our customers.