Mr. McKay, as you know, and I guess as many people around the table would know, the position of the banking industry on the insurance rules is long-standing and it's well known. We have been of that position for quite some time. Our focus, of course, is on choice for consumers and competition.
In terms of the specific message from the minister, we were taken by surprise by that. We did not get advance notice. We prided ourselves on being in compliance with the law. We have a compliance culture. We had a statement from the regulator that in fact, according to the current laws, we are in compliance.
Having said that, we know that the minister has a concern. He has brought it to our attention. We are now working with officials and with the department to get a little more clarity on the nature of that concern, and those discussions are carrying on.