Thank you, Mr. Chairman.
Thank you, Mr. Carney, for appearing.
I want to stick a little bit around that realm and the fact that the economy seems to be doing well globally. We're talking about a global recession recovery.
The last time you were here, we talked a little bit about some of the actions and some of things we can do to reform the financial system. I think you were quoted in certain areas as saying that you want to see better collaboration, with OSFI perhaps taking over some of the responsibilities.
The only thing I've been reading about is this bank tax. That's sort of being put off now. What is happening on the global end in terms of reform? Is it now going to just go by the wayside or has there been improvement? When I talk about bank tax, isn't there some type of bank tax in Canada--if you want, you can call it insurance--the banks have to pay, whether it be to OSFI or CDIC?
Why is there so much pressure for our banks to pay into a global fund? Can you explain that to me?