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Declaration of Emergency committee We'd be more comfortable with a list. Perhaps I may add, Mr. Chair, to when I was interrupted earlier, when I was asked if these actions caused a decline in trust in the system, I answered “yes, but”, and was cut off.
November 17th, 2022Committee meeting
Michael Hatch
Declaration of Emergency committee Yes, in those very early days, of course there was panic. People didn't know what the orders meant. They didn't know if their account was going to be frozen or not. But that didn't last very long. Eventually, and after not very many days, in fact, a week or two, the very targete
November 17th, 2022Committee meeting
Michael Hatch
Declaration of Emergency committee No, I can't.
November 17th, 2022Committee meeting
Michael Hatch
Declaration of Emergency committee I don't have it.
November 17th, 2022Committee meeting
Michael Hatch
Declaration of Emergency committee That's correct.
November 17th, 2022Committee meeting
Michael Hatch
Declaration of Emergency committee At the time, yes, but the—
November 17th, 2022Committee meeting
Michael Hatch
November 17th, 2022Committee meeting
Michael Hatch
Declaration of Emergency committee It's also correct with us, yes.
November 17th, 2022Committee meeting
Michael Hatch
Declaration of Emergency committee Do you mean freezing accounts for such insignificant activity?
November 17th, 2022Committee meeting
Michael Hatch
Declaration of Emergency committee No, of course not.
November 17th, 2022Committee meeting
Michael Hatch
Declaration of Emergency committee Yes, I don't have the precise numbers, but again, there were only 10 in total. Some if not most of those would have come from the list, but not all of them.
November 17th, 2022Committee meeting
Michael Hatch
Declaration of Emergency committee That's no difference from our experience. That is correct.
November 17th, 2022Committee meeting
Michael Hatch
Declaration of Emergency committee Yes, we shared it only on a very secure, members-only online channel.
November 17th, 2022Committee meeting
Michael Hatch
Declaration of Emergency committee I don't know the answer to that question, but I'm happy to get back to you.
November 17th, 2022Committee meeting
Michael Hatch
Declaration of Emergency committee I would echo what my colleague said: clear communication not on day one but on minute one. This was a minute-by-minute, hour-by-hour crisis and in the world of banking, you never want to use the R-word, the run. There was nothing like that, but there were whispers that people wer
November 17th, 2022Committee meeting
Michael Hatch