Madam Speaker, we raised an issue earlier in debate and at committee where we had some representation on it. We saw a story again today in the media on the concerns with the state of the Ombudsman for Banking Services and Investments and the fact that it is the only independent body set up to protect the interests of consumers as it relates to the practices of banks. However, two major banks have now pulled out of that arrangement.
When we have asked questions, the minister has said in the past that he will set up some other kind of accountability mechanism. However, he has not yet done so and we are concerned, the banks are concerned and consumers are concerned. The fact is that the government has not moved on it. I wonder if the parliamentary secretary could give us an indication on the direction of the government.