However, one of the comments made in France by the European Central Bank was that these new financial products should still require prior approval. Clearly, we did not follow that international example.
The second problem is tax evasion. Over the last few years, despite vigorous interventions by the Minister of Finance and Canada Revenue Agency, we have noticed the unfortunate existence of foreign accounts in tax havens. Through Canadian banks, foreign accounts were opened, which can open the door to tax evasion.
In that respect, we do not really see any mandatory tightening of practices by financial institutions. Recently, we did see a few unfortunate examples of abusive fiscal planning.