I understand from a number of the witnesses here that there are concerns that there be proper regulation of a number of issues, including adverse selection and splitting up the market. From your experience with OSFI, which is at arm's length from government—it's the Office of the Superintendent of Financial Institutions—do you have any reason to suppose that OSFI would not be on top of these kinds of issues to adequately regulate them? Are you suggesting the committee make recommendations to OSFI because you're not sure they're going to be able to deal with the issues that would come up if there were further competition?
On May 29th, 2006. See this statement in context.