Mr. Speaker, Canada is the only G20 country without a national regulator. I see that my colleague quotes OECD studies extensively when it comes to taxing banks. However, when it comes to quoting the OECD on a good approach, when it comes to quoting the IMF about the fact that it would be a good approach to have a single regulator, he ignores the studies.
What is important is that we are using a voluntary approach. If Quebec does not wish to join, then it need not. Furthermore, we are referring the bill to the Supreme Court of Canada to ensure that we are acting within our jurisdiction. That is being responsible.