Finance committee  The intention here was never to have deposit insurance at a higher level in perpetuity. What this is clarifying is with regard to when two institutions amalgamate. Let's say, for example, you have $100,000 in institution A and you have $100,000 in institution B. You would have $2

Finance committee  Then it would return to the normal rules of the deposit insurance framework. You would have $100,000 for institution C, one member institution.

Finance committee  For example, one of the amendments is to clarify that a CDIC member institution, when it's calculating its premiums for that year, has to use a calculation methodology that's approved by CDIC. Previously the legislation said any calculation methodology approved by CDIC. Now we'r

Finance committee  We haven't amended the definition of currency. We've simply removed the requirement that to be eligible, the deposits must be in Canadian currency. The definition of currency has not changed.

Finance committee  No, it is not currently.