Mr. Speaker, in the minister's response to the task force on the future of Canada's financial services sector, there is a provision that banks will have to account on an annual basis for the services that they provide and the relations that they have had with their various communities.
We have also opened up, in a very big way, the financial services sector to new entrants. We have decreased the amount of money that has to be paid for a bank to set up in Canada. We have allowed the foreign banks to come into Canada through branches to create greater competition.