As I was saying to Mr. Laforest, the government's position in favour of the common securities regulator, as he pointed out, predates the financial crisis. The financial crisis certainly adds some impetus to this, in the government's view. Among the other advantages of the common securities regulator, in the government's view, is making enforcement more effective by having a single national set of laws and regulations that can be acted upon more effectively.
On March 3rd, 2009. See this statement in context.