Mr. Speaker, I want to thank my colleague for his excellent question.
I did not have enough time to present it all. I also think my microphone was off, and I do not know how long. I am not going to repeat everything I just said. It is very clear that other assessments have been done as well.
I am referring to the conclusions the OECD arrived at in 2006. That was when the Conservative government was elected to office and began taking steps toward a single securities commission. Back in 2006, though, the OECD ranked Canada second in the world for the quality of its securities regulation, while another study done in 2006 by the World Bank and Alex Mundy ranked Canada third in the world for the protection it afforded investors. It is nothing to sneeze at when international organizations rank Canada among the top five in the world for such things as investor protection.
Going to a single securities commission would jeopardize what we already have. We have a system that works well, so why change it?