Thank you, Mr. Chair.
I can assure my colleague opposite that I know the rules very well and would never take a photo in a committee.
With that, I'd like to thank you, Mr. Chair, for the opportunity to welcome the witnesses.
I just want to make sure I'm understanding something. I'm listening to this conversation and I'm looking at your website. Your role is to protect, supervise and educate. I understand that your operating budget last year was $53 million, of which 90% was funded through the banks. You oversee the banks and complaints from the banks. I understand from a colleague that 27,000 complaints were received, but no one ever responded to them.
I want to make sure...because you can understand the optics of this. We're hearing that you supervise the banks or their compliance with the code, and they're funding you. You can see that there could obviously be a perceived conflict of interest. Can you just make sure you're clarifying for everyone? Am I understanding this correctly?