My question goes back to Mr. Moody. I'm not sure if it aligns with the other sectors here that are making their presentations and testimony known.
One of the things that I've found incredibly frustrating at the federal level—I'm not sure if you've dealt with any of these to date—is when we look at something like the Canadian Bank Act. From a governmental perspective, the regulations are created to provide a fair system for customers of said banks to operate in. At the same time—and this question is open to anybody who'd like to answer it—these types of regulations actually prevent small businesses from being created and operating in the space. I'll give you an example to substantiate that.
If an online start-up in the sharing economy wants to do some sort of business-to-business lending or to use an RRSP to lend to somebody else who's looking for a mortgage, these types of regulations actually prevent small business start-ups—specifically tech start-ups, which we all know are the future—from even getting going.
Have you seen any of these types of regulations outside of the Bank Act that actually end up protecting existing industries against start-up competition, or are they unique to the Bank Act?