I agree with everything my colleague has said, and a lot of it doesn't bear repeating because we've said it many times, but, again, when the federal government is enacting any kind of policy through the financial system such as this, it should consider and consult the entirety of the financial system, be they the large D-SIBs, the federally regulated banks that everybody is familiar with, the smaller banks that fewer people are familiar with and the provincially regulated credit unions.
That would be my number one message and number one recommendation. It's a battle that we continue to fight, and this was just the most recent manifestation of the tendency that exists in Ottawa and at the federal government level to view the financial system as six institutions.
As to your broader question, respectfully, Senator, I don't think it's my job to determine whether or not it was right or wrong to pull this lever. It's up to this committee, it's up to legislators, it's up to members of Parliament, senators and ultimately the government, but it is a law that exists, it is a power that the government does have. Whether it's right or wrong, I don't see it as my job to answer that question, to be candid.