Colleagues, we're going to continue in our second hour here.
We have three witnesses with us who are appearing as individuals. From the Macdonald-Laurier Institute, we have Richard Shimooka, senior fellow. From the Defence, Security and Resilience Bank Development Group, we welcome Kevin Reed, president. From Carleton University, we have Philippe Lagassé, associate professor.
I want to start by acknowledging that Phil is the best-dressed witness we have ever had at the industry committee. He says that he's going to a gala later, but I don't believe it.
I also want to note that about 22 years ago, a young Ben Carr was about to fail political philosophy at Carleton University, and a somewhat younger Phil Lagassé was there to hold his hand and make sure he could understand whatever it was that professor was talking about. I owe it all to him. Don't hold it against him, please.
Professor Lagassé, we'll start with you. You have up to five minutes for your introductory remarks.