Mr. Speaker, one of the key recommendations was the appointment of a financial institutions' ombudsman.
The member of Parliament for St. Catharines who posed the question has used his office in an extremely effective way on behalf of his small business constituents, working effectively as an ombudsman to help solve their problems with the banks. He has set an example for other members of Parliament on how they can make a difference.
We are going to reply to the report of the industry committee in the required time. Since the committee reported, the Canadian banks have put out a code of conduct. They have also proposed an alternative dispute resolution system.
I would like the members of the industry committee to look at those proposals and to give us their views on how far they go in solving some of the important problems that small business has with the banks.