Mr. Speaker, I really do not understand the logic of the member for Markham—Unionville. He is changing a position that he took as recently as January 28 in the House of Commons. He is changing a position that the member for Wascana, the former finance minister for that party, took when he was in government. He said:
I don't believe that the passport system is an adequate response. It still leaves us with a system that is largely fragmented and certainly less sophisticated than that in virtually every other country in the world...I don't think we can wait forever on this kind of topic because healthy, strong, vibrant capital markets are critical to a successful economy.
Why has the Liberal Party changed its position on the need for a national securities regulator? Why are the Liberals abstaining on this vote in the House of Commons?