Mr. Speaker, let us be clear. We have what is seen as the most sound banking system in the world.
This is not the United Kingdom. This is not the United States. We did not have to bail out banks. We did not have to nationalize banks. We did not have to use taxpayer money to bail out banks in Canada.
That is why we have the reputation around the world as having one of the most sound financial systems.
The G20 has guidelines. There are the Financial Stability Board guidelines. I have written to the financial institutions, requesting their compliance. If there is not compliance, there will be consequences in Canada.