Welcome once again.
With respect to the Bank Act, as you know, when we talk about adopting clear, complete and exclusive national standards, it affects a number of areas, in particular consumer protection. The contracts issue was and still is recognized as a matter under shared jurisdiction. The provinces and the federal government take complementary action.
In April, the Quebec Minister of Justice wrote to Mr. Flaherty, I believe. After analyzing the bill, he said he was very concerned that the federal government wanted to assume exclusive jurisdiction over an area that had been under shared federal and provincial jurisdiction until that point.
Do you think that is going to be the case and might the constitutionality of this clause create problems?