Mr. Speaker, I think the hon. member knows first of all that OSFI operates on an independent basis. Second, the review of the pension plan is based on the agreements that were in place between, in one case, the union and the company and in the other case, on behalf of the non-unionized employees and the company. OSFI's responsibility to ensure that the terms of the contracts were fully respected was one that they undertook and which they carried out with the independence upon which the office is based.
In the House of Commons on September 30th, 2003. See this statement in context.