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Finance committee  Yes, I'm Leah Anderson. I'm the Assistant Deputy Minister of the Financial Sector Policy Branch. I heard the first part of your question, but not the second. Which program you're--

March 1st, 2018Committee meeting

Leah Anderson

Finance committee  Absolutely. At the financial sector policy branch, we advise the minister on financial sector policy issues. Since the crisis back in 2008-09, we've found an increasing workload over those years. Since that time, the branch has received temporary funding to do the work we need to

March 1st, 2018Committee meeting

Leah Anderson

Finance committee  I believe it's around $9 million.

March 1st, 2018Committee meeting

Leah Anderson

Finance committee  We have 120 staff.

March 1st, 2018Committee meeting

Leah Anderson

Finance committee  We liaise with the Office of the Superintendent of Financial Institutions, Bank of Canada, Canada Deposit Insurance Corporation, Financial Consumer Agency of Canada, and the FINTRAC.... I don't know the actual....

March 1st, 2018Committee meeting

Leah Anderson

Finance committee  I could try, but....

March 1st, 2018Committee meeting

Leah Anderson

Finance committee  Sorry, do we...?

March 1st, 2018Committee meeting

Leah Anderson

Finance committee  That would be my colleague Miodrag's area.

March 1st, 2018Committee meeting

Leah Anderson

Finance committee  We're in a perfect position as a fast follower, I would say. It was first implemented in the U.K. They've rolled out an open banking framework. Australia, another country with a banking system very similar to Canada's and the U.K.'s, is also moving forward on an open banking mo

June 18th, 2019Committee meeting

Leah Anderson

Finance committee  Would you be referring to the domestic stability buffer increase recently announced?

June 18th, 2019Committee meeting

Leah Anderson

Finance committee  There are a lot of acronyms.

June 18th, 2019Committee meeting

Leah Anderson

Finance committee  I wouldn't think that would be an item for the main estimates, but just on the domestic stability buffer, it is a buffer that the superintendent puts in place to help domestically support systemically important banks and to deal with the range of vulnerabilities in the economy, s

June 18th, 2019Committee meeting

Leah Anderson

Finance committee  It's a function of the observation of vulnerabilities in the economy.

June 18th, 2019Committee meeting

Leah Anderson

Finance committee  I think that as it's an item not directly linked to the main estimates, I would suggest that we ask OSFI to follow up by providing you with more information on that, on the rationale.

June 18th, 2019Committee meeting

Leah Anderson

Finance committee  I can offer a comment on the difference between the stress tests. There's a stress test that is applicable for mortgages in the insured space. That has been in place for a number of years.

June 18th, 2019Committee meeting

Leah Anderson