Mr. Speaker, public confidence in capital markets and public companies is obviously critical to a well functioning economy. I am very pleased with the cooperation that has been demonstrated to date by federal and provincial regulators and the private sector to implement an appropriate Canadian response to the issues highlighted by several recent U.S. corporate scandals.
The government is reviewing legislation to ensure that governance standards remain of the highest order. It is also reviewing the criminal law framework and the effectiveness of enforcement related to corporate fraud.