I will call the Standing Committee on Finance to order. We are continuing our study pursuant to Standing Order 108(2), a study on measures to enhance credit availability and the stability of the Canadian financial system.
We have three organizations with us here this morning.
First of all, from the Investment Industry Association of Canada, we have Mr. Ian Russell, president and CEO, back before the committee.
From Credit Union Central of Canada, we have the president and CEO, Mr. David Phillips. We also have Mr. Ralph Luimes, the CEO of HALD-NOR Credit Union from Hamilton, I believe.
From the third organization, DBRS, we have co-president--and I'll try to pronounce the last name correctly--Mr. Peter Bethlenfalvy.
We can start. We'll go in that order. We'll start with the Investment Industry Association of Canada. We generally allow about five minutes for an opening statement. We may allow a little more time today because we have three witnesses, and then we'll go to questions from members.
We'll start with Mr. Russell, please.