We'll resume with our second panel.
Thank you to the panellists for your patience. We just had a little diversion there for a short period.
With us is associate professor François Delorme, testifying as an individual.
Also appearing as an individual, we have Professor Alex Edmans.
From the Canadian Bankers Association, I believe Bryan Radeczy will be delivering the opening statement. He is the director of financial stability.
We'll start with Professor Delorme for five minutes.