Mr. Peter Boland:

I am loath, particularly in this committee, to suggest that the banking industry is a shining light in this area but, from my understanding, if there is a crisis within the banking sector, one will be able to get data to verify what is going on. That is absolutely not the case within the insurance industry. There is no transparency. If anything, the insurance industry is more systemically important because we cannot function without insurance. We are legally obliged to have a relationship with the insurance industry yet we cannot get the data. That case absolutely falls under that heading.