Public Accounts committee  When you say “public pension plans”, can I ask which ones you're referring to?

Public Accounts committee  Actually, we do have an office associated with our office, the Office of the Chief Actuary, which provides the actuarial oversight to those pension plans.

Public Accounts committee  I'm hesitating because I'm not sure if he could answer that question. We can find out.

Public Accounts committee  Because of the degree of specialization within the industry, it's a matter of balance between training and development of existing staff and bringing in new people who have been there, seen it, done it on the outside, and can bring a little more current information. Some example

Public Accounts committee  Yes, since 2007 we've increased our supervisory staff, our complement, by about 36%.

Public Accounts committee  That question might be better answered by my colleagues, because the mandate of OSFI is to protect the solvency—

Public Accounts committee  I am concerned about that remark, because it is a valid statement. We are always concerned about our ability to attract and retain the talent we need, because it is a highly competitive industry in all its areas of specialization. We believe that by taking the actions that we've

Public Accounts committee  If my memory serves me, a lot of the issues we discussed were what we might classify as background administrative services. A report was generated and submitted to the minister that suggested that we believe those administrative duplications were minimal and that we have clear an

Public Accounts committee  I would agree with the statement, but we have as well been very much involved with the international deliberations and are committed to ensuring that we are implementing agreed upon recommendations here in Canada, which is in part why we have had to increase the resources, so tha

Public Accounts committee  Yes, that's true. We did make that statement. The reason is we believe that is confidential information among the members who participated in that risk assessment.

Public Accounts committee  First of all, the risk tolerance comparison between various jurisdictions would be difficult to make because of the different assumptions used in those exercises. But it has been the OSFI decision that, because of the balance of transparency and risk, it's--

Public Accounts committee  Thank you for inviting me to appear today to speak about the Auditor General's report. I believe that copies of my remarks have been distributed by the clerk, so to respect the members' time, I will only cover the key points now, but trust they will become part of the public re