Mr. Chair, at this time i'm not able to speak to what the standard is of the International Organization for Standardization. I have never seen that particular standard and therefore do not know how it would apply to the world of banking; I'm therefore reluctant to comment further on what the implications would be.
At this time, the act requires that they have procedures in place; that those procedures be disclosed, as indeed this bill is doing by providing for further disclosure; and that, as the minster indicated last week, essentially a notion of competition play its part in the marketplace.