Thank you to the witnesses for being here today. With only five minutes, I'll get right into it. If I cut you off, I do apologize ahead of time. I have only a short amount of time to get a lot of questions in.
I'd like to start with you, Ms. Tedesco. It's in relation to a comment that was made at last Tuesday's meeting by Professor Jacques St-Amant. He stated that the voluntary code of conduct for credit and debit is not legally enforceable.
Given that the Financial Consumer Agency of Canada is responsible for administering the voluntary code, do you agree with this analysis? How does the FCAC monitor breaches of the code?