Colleagues, we'll commence now, if we may. I'd like to welcome all our witnesses with us today.
As a bit of housekeeping, colleagues, we'll get as many questions in as we can. We'll have two 10-minute interventions, I believe, and go to regular rounds of questioning. We have a second group of witnesses coming in at noon, so I'll try to suspend about five minutes or so early, so we'll be able to transition from this panel to our next panel without losing too much time.
With that, I would like to welcome Arianne Reza and Sheilagh Murphy, who will be making presentations.
Madam Murphy, I understand you'll be number one.