Thank you, Mr. Chair.
Thank you, witnesses, for being here today and for the work you do for Canadians.
I would like to discuss some of the unintended consequences of a new policy. Obviously, the terms “risk” and “reward” come up quite often when we talk about financial institutions and whatnot. With this new framework it sounds to me that putting more certainty in these kinds of scenarios is a good thing. Elected officials making decisions by the seat of their pants is not something most people want to see. I think people want to see what kind of plans we could do ahead of time.
Will the market respond by offering new ways to use this system to trade in different options on whether or not someone or a bank will be viable? Will any of that come because of this legislation?