I call this meeting to order. This is the 48th meeting of the Standing Committee on Finance. I want to apologize to all our witnesses, both here in Ottawa and in Montreal. We were detained in the House of Commons by a vote. I very much appreciate your patience in staying here with us.
We have the orders of the day, today, pursuant to the order of reference of Tuesday, February 14, Bill S-5, An Act to amend the law governing financial institutions and to provide for related and consequential matters.
We have four witnesses here to present on the bill. First, we have the Canadian Community Reinvestment Coalition. Second, we have the Credit Union Central of Canada. Third, we have the Ombudsman for Banking Services and Investments.
Lastly, from Montreal, we welcome Option consommateurs.
You will each have up to five minutes for an opening statement, and then we will have questions from members.
We'll begin with Mr. Sommers, please, with your opening presentation.