Thank you, Chair, for the question.
My name is Manuel Dussault. I'm an acting director general for the financial institutions division.
Here's a very quick overview.
First, OSFI's mandate for financial sector oversight will be expanded to include supervising financial institutions in order to determine whether they have adequate policies and procedures to protect themselves against threats to their integrity and security.
Second, the proposal is to enhance the superintendent's and the minister's authorities in regard to security and integrity with respect to supervision, ownership approvals and taking control of institutions for national security reasons.