Mr. Speaker, while Canada's financial system is the soundest in the world, the credit crisis, the financial crisis, certainly since last year has demonstrated one glaring deficiency in our system of regulation in Canada, and that is the absence of a national securities regulator.
This is not an academic subject. This matters to seniors, to people with investments, mutual funds, to families, to Canadians from coast to coast to coast. Therefore, we are going to move forward toward a common national securities regulator for Canada with willing partners in the provinces and willing participants.