Mr. Speaker, it is to be noted that two of the largest financial institutions in Quebec chose not to participate in that. However, let us say this. This is a great project for Canada, This is an opportunity for Canada to get that pillar, that securities pillar, in line with the rest of our harmonized system.
As we see around the world today, there are tremendous challenges to financial institutions. Fortunately, in this country, our financial institutions are functioning well, with the exception of 13 securities regulators. We look forward to gathering them together.