Regulation is indeed a very important matter. I don't believe we deny this objective. However, I feel that, across Canada, increasing emphasis is being placed on regulation that is based on principles rather than details. We Quebeckers very well understand what that means, since we've been living with the Civil Code for a very long time. However, in financial matters, regulation is often a matter of details. It thus becomes difficult for businesses to deal with all these details, which, in many cases, makes regulation less effective.
There's talk of deregulating or abolishing very specific regulation in order to replace it with regulation based on principles like those often seen in Quebec with the Civil Code.