Finance committee We are all aiming for transparency, and I know that, for our part, we are trying to be more transparent. In my opinion, transparency in the market is always a good thing.
May 28th, 2018Committee meeting
Lucie Tedesco
Finance committee It has to be more political, yes.
May 28th, 2018Committee meeting
Lucie Tedesco
Finance committee Our expenses are paid through assessments of the financial institutions.
May 28th, 2018Committee meeting
Lucie Tedesco
Finance committee Yes. They also do it for the Office of the Superintendent of Financial Institutions, OSFI. It's essentially to shift the burden of paying for financial sector regulations to those who are being regulated. The fact that assessments are paid by the financial institutions is an int
May 28th, 2018Committee meeting
Lucie Tedesco
Finance committee In fact, we will ensure that all recommendations are implemented, both the general recommendations and those specific to each financial institution. Our follow-up with financial institutions will therefore consist of a bulletin, if you wish, that we will give to them after our re
May 28th, 2018Committee meeting
Lucie Tedesco
Finance committee We haven't decided what we'll do. However, we will certainly advise our minister and ensure that this is included in our annual report.
May 28th, 2018Committee meeting
Lucie Tedesco
Finance committee If I may, Mr. Chair, I just want to comment on something Mr. Albas said when he talked about the control . When you talk about the controls in call centres where you know they're perhaps more rigorous than in the branch, that's exactly what our review found. What we will be doi
May 28th, 2018Committee meeting
Lucie Tedesco
Finance committee Richard, please speak and complete my answer. My understanding is that those 4,500 complaints were all around express consent and about the alleged product being purchased without consumers' consent.
May 28th, 2018Committee meeting
Lucie Tedesco
Finance committee In terms of sales practices, the committee will decide what the committee would like to do. I'm not sure I'm in a position to recommend what the committee should or should not do.
May 28th, 2018Committee meeting
Lucie Tedesco
Finance committee Yes.
May 28th, 2018Committee meeting
Lucie Tedesco
Finance committee These are matters that are under investigation. When matters are under investigation, I don't know about—
May 28th, 2018Committee meeting
Lucie Tedesco
Finance committee I'm sure that I have a very able team here with Richard. If any potential breaches have been identified during the review, he's looking after them.
May 28th, 2018Committee meeting
Lucie Tedesco
Finance committee Yes.
May 28th, 2018Committee meeting
Lucie Tedesco
Finance committee Yes, of course.
May 28th, 2018Committee meeting
Lucie Tedesco
Finance committee I was just going to say that the bank fees are not regulated.
May 28th, 2018Committee meeting
Lucie Tedesco