Thank you, Mr. Chair.
Good morning to everyone in Ottawa.
Mr. Liedtke, I'll start with you, sir, if I can. I'd like to talk about open banking. Canadians have been waiting with bated breath to see legislation for open banking. They want to see open banking implemented, and alongside it instant payments. We have some reports that CEBR says the delay from instant payments is costing the GDP up to 2.7% a year. That would be almost $500 million or a little bit more than that.
I'll start with the government's conversations with you. Congratulations on being named the regulator.
What is the timeline the government is giving you, the clear timeline, for the implementation of open banking in Canada—or have they given you one yet?