Mr. Gerry Cross:

As regards compliance with the review, there are two things. In terms of our own process, throughout this and going right back to the hearing at the end of 2024, our writing to the committee in December 2024 and reviewing our process then and on an ongoing basis, under the challenge that we have had from this committee to make sure that we are getting it right, there is a lot of complexity in all of that. We have continued to do that and we will always continue to do that. That review was absolutely part of how we carried out our practices during the course of the last year and continue to do so.

The Senator asked whether the 2024 bond prospectus was complete and whether we had looked for supplementary information. Again, coming back to what the Governor said earlier, in respect of what we did in our relationship with the issuer and carrying out our functions there, that is subject to confidentiality. I cannot say we did this, that or the other or raised the following issues. What I can say is that in the things we had to think about and we needed to reflect on, we continued to do that at every stage and took this with, as the Senator can imagine, the utmost seriousness to make sure we were getting to the right answer, from our point of view.