We will conduct our review and, should we find a breach of the law, we will investigate and take the necessary steps. That includes imposing penalties on the financial institutions. That is my decision as commissioner.
The team will conduct an investigation, submit its report to the deputy commissioner, who will in turn issue a statement of wrongdoing. She will then inform the bank that she has reasonable grounds to believe that there has been wrongdoing and, if appropriate, will suggest a penalty.