While I agree with almost everything you've said and with the analysis that you and Mr. Logan make, there's one part on which, quite clearly, we don't agree.
I don't see how the creation of a new structure, a new institution that would be a national regulator.... For example, in Quebec, the Autorité des marchés financiers has done an excellent job of prosecuting. People like Vincent Lacroix are in jail for ten years on securities fraud, because there's a good prosecution team. You've correctly said that there's not a problem with resources. But how does changing structures answer the problem?