Mr. Speaker, I would like to ask the member questions about the common securities regulator referred to in the Speech from the Throne.
The hon. member should be aware that this issue has been discussed for over 10 years now with the provinces, and the small provinces just will not go along with this plan. I would like to know why he thinks things are going to be any different in the future in terms of trying to get a national securities regulator.
I would like to also point out to him that the current Ontario Securities Commission got only two convictions in the last year, whereas in the United States there have been hundreds of convictions. The issue is not the regulatory body so much as the enforcement initiatives that the regulatory body takes. What steps does he plan to take to try to convince these bodies to act more aggressively in taking action against white collar crime?