I have a lot of respect for my colleague from the third party, and we must all respect Parliament. However, we refuse to be lectured to. During our work so far, including our study of this bill over a number of meetings, and in other areas, we have shown that we are willing to work hard. The same is true for upcoming studies, and you are aware of the scope and details of them.
That said, we also have a responsibility to those same stakeholders, the same interested parties, to bring Canada up to par with other countries as regards a regulatory framework that has been discussed internationally, that industry has been consulted on, and that will serve to reassure people making deposits in our financial institutions. It is also our responsibility as parliamentarians to make regulations so as to ensure that our financial system is on par with global financial institutions and with those in other countries.
I object to the member opposite lecturing us. The wording or bills that we put forward on a regular basis are broad in scope and we are confident that their intent is fairly clear.
Like you, dear colleague, I would like to thank the officials and those who explained the various provisions of the bill to us.
Nonetheless, eight or nine years after the financial crisis, we are now implementing measures that we hope we will never have to review, and I hope this is the last time we discuss this.
That said, I have some difficulty with being accused of not taking our responsibilities as parliamentarians seriously. I object to that.