Yes. I must say that this issue comes up frequently across Canada, and outside of Canada, with respect to private equity investment in Canada. We're trying to attract more and more private equity investment in Canada. It's good for our country; it's good for economic growth.
It also comes up in the context of law enforcement, of the enforcement of securities laws, and of waste–the plain and simple waste of running more than a dozen securities operations in a country of 34 million people. We're the only country in the western world that has multiple securities regulators, instead of a common regulator.
This doesn't mean that the federal government should seek to take over securities regulation in Canada. I think it means we have a role to play—in the interests of creating a better-functioning economic union—in encouraging the provinces to create a common securities regulator. If there's a role for the government of Canada in doing this, that's good too.
I've had discussions with some of the provincial ministers. Some of the ministers are getting together in a couple of weeks. They've done a great deal of work on this issue; it's important for Canadians. Our view is that to make the economic union function better, we should move toward a common securities regulator.