That said, you mentioned that the Competition Bureau had looked at Interac's governance model. However, a representative of the bureau also told us, at a meeting of this committee, that more oversight is needed to find out what is happening on the boards of directors. That was said verbatim.
However, we know that the banks of Canada are the majority shareholders of Interac. Correct me if I'm wrong, but that's the information we have.
Should we eventually increase the oversight of boards of directors in order to create competition in the Interac transfer sector?