Mr. Pat Farrell:

Well, first of all ... I go back again to the fact that IBF is the representative body; it is not a regulator; it doesn't have a legislative mandate to be a regulator; it doesn't have the resources to operate in the sphere of governance and to provide challenge or direction to banks around governance. That's absolutely not its mandate. That is the mandate of the regulatory bodies that are charged with actually regulating the sector and all of the other authorities around corporate compliance-----