Thank you, Mr. Chair.
Welcome, everyone. Stan, welcome on the line.
I'll ask two questions, and then please feel free to answer in the manner you feel appropriate.
With regard to the FCAC, they have announced a full review of the business practices by the banks and federally regulated institutions, to be technically correct, and I would like to know what you would individually like to see come out of that review.
The second question is on financial literacy. November is financial literacy month in Canada. We have a member in our caucus who is championing this, and I applaud her efforts. We also have the Province of Ontario adopting, beginning in September 2018, a requirement for students to undertake financial literacy in high school. I want to hear your take on that, because I think there is an education process that needs to go on with consumers in terms of financial products, which I have felt for a long time has not occurred.
I'll give you an example. You can get into a mutual fund and you'll be charged an MER, or you can buy an exchange-traded fund. Most people don't know that an exchange-traded fund is much cheaper to own. Your returns will be compounded much quicker if you buy an exchange-traded fund from a financial institution versus a mutual fund.
On the financial literacy component, then, and also on the broad review that FCAC is undertaking, what are your comments? Will each individual please answer?