For the Autorité des marchés financiers, this work is important. We believe it is possible to continue to improve this structure, which already works very well and has proven successful.
Moreover, federal and provincial regulators already work together. The Autorité des marchés financiers works regularly with the Bank of Canada, the Office of the Superintendent of Financial Institutions and the Canada Deposit Insurance Corporation to manage files, and with the Royal Canadian Mounted Police on investigations. We also take part in the work done by the group of heads of regulatory agencies. Cooperation among regulators could be increased if this group's mandate were broadened and improved.
The Government of Quebec recognizes that financial stability is important. It has therefore already indicated that it would be open to cooperation with the federal government as long as its jurisdiction was respected.
The Autorité des marchés financiers is completely open to working in this direction. We believe that this approach is much more productive than extending the mandate of the Canadian Securities Transition Office.
Thank you.