Mr. Speaker, I thank the member for his comments. There is a very interesting debate on the securities regulation side. Marcel Boyer, who is the chief economist for the Montreal Economic Institute, argues:
--uniform standards and regulations, provide more thorough accounting, let issuers and investors benefit from economies of scale, assume a more direct role as Canada's spokesman in the international harmonization of securities regulation and facilitate the establishment of a national tribunal in this area.
He is talking about economies of scale, learning from each other, and being able to respond quickly in times of crisis, which Canada certainly is in right now. I wonder if the member would like to comment on Mr. Boyer's argument that there are significant benefits, including economies of scale, to having a national securities regulator.