First of all, founding principles that are acceptable to all stakeholders would have to be established. This is certainly possible. Then—and here we are touching on problems linked to the Canadian reality—a mechanism to apply the regulations to all providers would have to be found. The federal government certainly has the necessary jurisdiction over banks and certain other providers, but this is less clear, or more open to debate, when it comes to other providers. It would be possible to create a fair framework, which would apply to everyone and which would allow the application of clear, universal rules. To do this, however, all stakeholders would have to collaborate.
On February 25th, 2014. See this statement in context.