I understand what you're saying, Mr. White. I'll stop there, not because I'm not interested in the answer, but because I really want to focus on the nature of these agreements.
I will turn to the representatives of the Financial Consumer Agency of Canada.
Ms. Syal, the document you sent us states that your role is to supervise federally regulated financial institutions and improve Canadians' financial literacy.
As I understand it, there are no agreements between Ottawa and the credit card companies. Instead, the credit card companies proposed temporary reductions in interchange fees to their customers. This not a sustainable solution. Your agency is not responsible for enforcing these so-called agreements. Have I understood the situation correctly?