Minister, the FISC committee has been in place since the 1980s. Other countries, including the U.S., the U.K., and also countries in the EU, as well as Australia, have set up financial stability committees that would, in Canada, take the FISC, which is Finance Canada, the Bank of Canada, OSFI, and CDIC, but would also add participants like CMHC. We've been told by your officials that there was work being conducted within these agencies in Canada, with the finance committee, the current members of the FISC committee, and CMHC and other players, to set up a financial stability committee right here in Canada, similar to those that have been set up by our other G-20 partners. We're told by your officials that your government stopped them from doing that and aborted the project. Why was that?
On November 23rd, 2010. See this statement in context.