Public Accounts committee  Yes, there are some subsidiaries that we do not audit, that we waived our rights on PSP.... What I could say about the wholly owned subsidiaries is that while we didn't audit the subsidiaries themselves, we did include a portion in the special examination where we looked at the g

Public Accounts committee  It was mostly a decision in scope. The special examination was large enough as it was, so we decided to go the route with the governance practices instead of of going into the wholly owned subsidiaries.

Public Accounts committee  I can give some examples to put it more concretely for you. One of the areas where we think it should be strengthened was, for example, when we say the model risk assessment methodology is to help classify the different models, because they're not equally critical. Also, it shoul

Public Accounts committee  I can maybe add one thing. What we noticed during our audit is that the assessment had started through the different asset classes, so the different business lines. It was not completed. That was the purpose of our recommendation, to make sure this gets completed.

Public Accounts committee  Victoria, do you want to go?

Public Accounts committee  I can take it on. One of the areas was related to, in the past, when PSP was more focused on reporting on accomplishment of tasks and not as much on progress on the objectives. We did see an improvement there. Now I guess some fine tuning is necessary to actually specify measura