Just to answer your question, Mr. Spengemann, most fintechs are registered and regulated provincially, so in a federal regime there would be a gap in regulating these fintechs. For example, now you have five or 10 strong federal players—the banks and insurance companies that are strongly regulated. If you have 2,000 weak fintechs or weak players that are not federally regulated, how does that open up the whole risk to cyber-attack throughout the country?
On February 27th, 2019. See this statement in context.