I was reading through the proposed borrowing code, and I saw that the obligations for reporting shift to various officers of the boards. I want to probe the safeguard here a little bit more.
Are there sanctions if these various officers don't in fact meet their obligations? Do they face any sanctions?
The question I want to get to is that if they default on any of their obligations, and there's any liability to be assumed, who picks up the liability? What is the safeguard ultimately that means government doesn't have to step in and assume the liability?