Mr. Speaker, I admire the member's dedication to her community.
The national regulatory regime brought in with the budget has two aspects to it.
First, having had a career in international law and business, I have seen how hard it is to compete for international investment and international business. Having one regulator which can be understood by foreign business people as well as Canadians is bound to improve ultimately our whole securities system.
Second, consolidating resources at the national level would not, by any means, exclude the ability of provinces to participate in regulating this very--