Public Accounts committee  They aren't exact models.

Public Accounts committee  Thank you for your question. First, we wanted to list the most important variables that were tested by management, not all of them. The models are relatively complex. When conducting a stress test, management tries to find the most important variables, those that have an impact

Public Accounts committee  Yes.

Public Accounts committee  Okay.

Public Accounts committee  Yes.

Public Accounts committee  I could give you an example by doing some reverse engineering. What factors could cause the corporation to have capital difficulties? For example, if the 2007 recession in the United States had lasted five years instead of two and there had been a subsequent recovery, and if ho

Public Accounts committee  It's really a kind of prospective signal. Let's find an event that would incur a capital problem and then look at how to resolve such an event and have a defined action plan. It's more an ad hoc additional stress testing policy in terms of being proactive for future events, but t

Public Accounts committee  We are the co-auditors of CMHC, independent co-auditors.

Public Accounts committee  Yes.

Public Accounts committee  Yes. As Clyde mentioned, if you look at the report on page 13 on stress testing, we do mention that the corporation has a stress testing policy in place, and they have the stress testing results to make sure they have adequate capital for business strategy. Our conclusion is ther