Thank you for the invitation to appear before you today. I will deliver my remarks in English to avoid any technical difficulties, but I'd be more than happy to answer any questions posed in either English or French.
I want to express my thanks to each of you on this committee for the important work you do on behalf of Canadians, and I hope you and your families are staying safe and healthy.
Today I'll cover three topics. I'll start by providing information about the Office of the Superintendent of Bankruptcy, which I'll refer to as the OSB, and the Canadian insolvency system. As I highlight some of the OSB's programs, I'll provide you with an overview of the steps the OSB has taken in response to the COVID-19 pandemic. I will then address how the OSB is preparing for a possible increase in the number of insolvency filings.
Prior to appearing today, I provided a deck with information about the OSB and data on insolvency filings in Canada. I don't intend to walk you through that, but I am happy to answer any questions about it that you may have.
A well-functioning insolvency system is a key pillar of the economy. It helps to promote investor and creditor confidence in the Canadian marketplace. As superintendent, a Governor in Council appointee, I have statutory duties and authorities that help to ensure that the Canadian insolvency system continues to operate as intended, as set out in the material I provided.