Thank you, Mr. Chair.
I'd like to start with you, Professor Leuprecht. At the end of your remarks you indicated that—and I'm paraphrasing here—the biggest weakness or the biggest error is an error of omission with respect to accountability—but not oversight, I think—and you cited the Belgian model as the gold standard. Could you talk a little more about the Belgian model and highlight the differences between what we have here and what we would need to do to get to what you think is the optimum model?