I indicated, Mr. Chairman, that the Canadian Payments Association indicated they will be undertaking a consultation on this. It is certainly fair to say that from the representations we've heard and seen from many members of the committee, it is something the department itself will become more engaged with. As I indicated last week, we'll also be working on building an electronic transaction code for the various parts of the industry and if, through these various processes, we see that some amendments to legislation would be required, then certainly. There has been a bank review every five years, but it's never precluded other initiatives in the meantime.
On February 20th, 2007. See this statement in context.