Mr. Speaker, I have been listening intently to some of the arguments and speeches from the Bloc members and they seem to be having a great deal of difficulty differentiating between our financial services, our banking institution, and the securities regulatory system that we are debating today.
I realize this is getting repetitive. I believe we have dealt with the private member's piece on a Canadian securities regulator twice before. However, anyone listening to this debate might be confused. They might think our banking system is not sound, which is an absolutely false statement.
However, can we do better in our fragmented securities system? Absolutely, we can. This approach will give a competitive advantage by reducing unnecessary compliance costs for businesses. That is what we need in the country. When we did our prebudget consultations across the country, we heard a huge concern for access to credit, access to financing. We want to encourage other countries to have their companies come and set up businesses here, but when they come, they have to deal with 13 different regulators.
Could the hon. member answer this one short question? What will she say to her constituents when they cannot jump all the hurdles of 13 separate securities regulators?