Public Accounts committee  We won't post the methodology. We debated that. We've gone quite a distance towards publishing our stress testing. It's actually a relatively complicated series of models, which we view to be proprietary. Commercially, we wouldn't publish those. I should tell you that with respe

Public Accounts committee  The answer to that question is no because we will administer that program on behalf of the Government of Canada, and we will not be required to hold capital against it. It'll be a charge against the consolidated revenue fund, so it'll be part of parliamentary appropriation, sir,

Public Accounts committee  That's correct.

Public Accounts committee  That's correct.

Public Accounts committee  Yes, that's right.

Public Accounts committee  That's right.

Public Accounts committee  Yes, we do. In fact, the spending associated with that program is included in budget 2019, so you can refer to that for that information. It will come from parliamentary appropriations. In fact, because we just completed this reorganization, we were much better set up to drive a

Public Accounts committee  You look like you're leaning in.

Public Accounts committee  I'd like to say two things. Managers need oversight. It makes us stronger. You need the sounding board. An effective board of directors is crucial to an institution as significant as ours. I would say that some past liberal practices would probably have been curtailed—in the anci

Public Accounts committee  It extends to the fact that if I, as CEO, own shares in a mutual fund that happens to own shares in a lender, I can't be CEO.

Public Accounts committee  We do it ourselves. We have built the models with the help of external support, but we do it ourselves.

Public Accounts committee  OSFI oversees that work and, of course, the Auditor General did a special examination.

Public Accounts committee  That's right.

Public Accounts committee  Thank you for that question. It is of course important. In the first instance, it is important that we understand the risks that we manage, and it's proper that we stress test ourselves. Your question goes to how we know those are proper stress tests. First, we operate three li

Public Accounts committee  If I may, sir, the Office of the Superintendent of Financial Institutions is an independent body.