Thank you, Chair.
Thanks, both of you, for making yourselves available today. It is interesting.... I'm sure the committee will take serious note of your recommendations, being entirely in line with testimony we've heard from lawyers who act for companies that are determined to comply with sanction regulations but are lacking any material advice to help them. Those who can't afford lawyers sometimes avoid potentially legal economic dealings with companies simply because they don't want to face any risk.
We've heard testimony that when it comes to monitoring and compliance by institutions like banks, as well as detection of violations and enforcement, very often there is a question of resources and prioritizing by the various groups responsible in this area. What resources do Canada's major financial institutions, the chartered banks, actually have in place, and what sort of economic burden does that place on the banks internally?