Could you share your action plan for the issue with committee members? I am specifically thinking about the timeframe you are working with. As you say, this was one of the important commitments. As MPs, we are being approached by chambers of commerce, by real estate brokers and by real estate boards all across Canada. I think that people are waiting to find out the direction you are heading in.
After all, people have the impression that the $200 billion in the 2009 budget for the Extraordinary Financing Framework, which was intended to provide assistance to the banks, actually made it possible for Canadian chartered banks to strengthen their positions. For example, the Royal Bank acquired financial institutions in the United States that were in difficulty. Do you have a handle on what went on when the various chartered banks got into the market for financial institutions?
Given that OSFI provides oversight, perhaps its representative could comment on this, but so could the representative from the Department of Finance.