Mr. Chair, I would just like to add, and we need to put it on the record, that this has been a multi-year process evolving from the global financial crisis. There has been extensive consultation with the Canadian financial institutions and with global financial institutions.
As the minister stated last night, similar legislation in terms of winding up a failing bank or anything to that extent exists in a number of countries. We're just adopting similar legislation, really, and evolving legislation to where the U.K. or the United States and many of the European countries are. Is that not correct?