I say this with respect and affection for my friends from PIAC: I disagree. I disagree on a range of fronts.
If you look at it from the perspective of a consumer, the consumer does not want to have conflicting provisions. They won't know which will apply. They don't want to have provisions that can't work together. They don't want to have provisions about which there is confusion. Do they go to the FCAC? Do they go to the ombudsman? Do they go elsewhere?
The other thing to bear in mind is that, unlike provincial credit unions, which are in a local area, banks work across the country. This is a national regime. People move in Canada, and banks have to plan on a nationwide basis. With this legislation, we think there is strength in a uniform approach. We think there is strength in uniform supervision. Quite frankly, everyone around this table is a federal MP who has a view about how policy should be formulated. We think a uniform approach to policy is a good idea.