Thank you for the opportunity.
We've worked very closely since 2018 with the previous minister and the current minister in finance, all of the various agencies, and now the FCAC, which will be tasked with implementing and regulating an open banking regime for Canada. It's been a good process. It's taken longer than perhaps we and some other players in the sector would have liked to see, but that's sometimes the reality of legislating and bringing something new into being in a big and diverse country like Canada.
Our baseline for open banking since day one was that credit unions have the opportunity but not the obligation to participate in this new ecosystem. That was embraced all along the way by Mr. Tachjian, who was tasked with running this out of Finance for the last number of years. We've worked very closely with him, his colleagues and the ministers, as well. We're very pleased to see that reflected so far.