Finance committee  Absolutely. We're the only country now that has thirteen regulators. Secondly, one of the issues we have is that, internationally, regulators and business seek to improve regulation--for example, around terrorism, money laundering, transparency, and accountability. It's very difficult for Canada to participate in the international discussion when we have so many voices.

Finance committee  Yes, we agree that this needs to be addressed. It has an impact on productivity and efficiency. I believe we have a small line in there supporting that position.

Finance committee  Thank you very much, Mr. McKay. Actually, Mr. Dodge, as early as today, at the Ontario Economic Summit, was talking about the need for Ontario and Canada to move forward on more P3 partnerships and infrastructure spending. So hopefully that can occur. We quite acknowledge that there's a debate around the relative productivity and efficiency of our financial services sector.

Finance committee  Thank you very much, Mr. Chairman, and congratulations to the committee on your stamina. You have a copy of our submission. I'd like to just hit a few points today, if I may, but first, quickly, here is a little about who we are. The Toronto Financial Services Alliance is a public-private partnership between the City of Toronto and the financial services sector, dedicated to promoting the city and the region as a premier financial services centre in North America.