Mr. Speaker, I thank the hon. member for his quiet tone and approach on the subject.
Of course we regulate our banks. All federal financial institutions, and there are more than 400 of them, are regulated, inspected and audited. We brought in the code of conduct with respect to credit cards a long time ago, and it is supported by the Retail Council of Canada and by the consumer groups in Canada.
A great deal has been done. There is more to do, as outlined in the Speech from the Throne.