I might make several comments. First, on some of your initial remarks, I think one of the strengths of the Canadian system is not only that we have regulations, but we have supervision, so we enforce the regulations, and I think we have a robust--if I can put it this way--Superintendent of Financial Institutions and an organization that is not just.... The regulations aren't just there; we actually have people who are implementing them and following those regulations and following the financial system on a day in and day out basis. So I think that's probably a strength of the Canadian system.
I think we've done well, but we always have to learn. Financial markets change all the time. We constantly have to keep up on developments, and we are doing that domestically, and of course we're following developments internationally very closely. It's very important for us to keep up with the latest developments and the latest techniques and tools to have an effective financial regulatory system.
On your comment on the Canadian securities regulator, as you know, it's the Government of Canada's view that we should put in place a Canadian securities regulator. If and when that is put in place, subject of course to the decisions by the Supreme Court of Canada, that securities regulator would be very much part of the regulatory system we would have. That would have to be integrated into the system we've got now in a robust way.