To be clear, reputational risk is an interesting concept. We could get into the definitions, but can I be assured that the evaluation of reputational risk does not include the ability of the company to pursue all markets?
It seems to me the gist of the amendments that Madam Wasylycia-Leis is putting forward is to in some way try to regulate and ensure through regulation that the availability of mortgage insurance would not be confined to certain aspects of the market, but product availability would somehow be guaranteed through regulation.
I want to be clear that reputational analysis does not include in any way, shape, or form an analysis of the company's ability to provide mortgage insurance to all applicants. Is that correct? In other words, there is no OSFI obligation to predetermine that mortgage insurance companies are going to make their products available to all Canadians in every region of the country at every socio-economic strand. Is that correct?