Governance underpins this system. Governance will determine not only how the standard will be established, but also how security is to be dealt with, and how it will interact with all the financial institutions. Canada is a federal system. This has advantages, but also limitations. At the moment, the approach is actually very limited. It was decided that a framework would be established for federal institutions and that other institutions would be able to join. It's a partial and imperfect framework that exposes people to a high level of risk in the financial system. The foundations have to be very solid before going ahead.
I'd like to remind you that there have been discussions on this for years, at least 6 to 8 years, so another few weeks won't hurt. As we know, a second omnibus financial bill is to be tabled this fall. I believe that it's worth taking the time to do things properly.