The banking sector is quite well regulated when it comes to mandatory disclosures because of OSFI, from that perspective.
The anti-greenwashing bill hoped to help with ensuring that they wouldn't greenwash. Their exposure to the oil and gas industry is a known problem. They do need to diversify. This is where greater transparency would help investors and the market know which banks are heavily invested in oil and gas. With the possibility of stranded assets, movement elsewhere would be helpful. You get that push and pull. If they're transparent, investors and people who go to them would realize that they are over-invested and, perhaps, go to a bank that isn't in that way.
