Mr. Speaker, I want to thank the member opposite for his speech. I always find him to be a very reasonable person, so I was quite happy to hear his views as the deputy critic for finance for the official opposition.
My question is very specific. He mentioned some of his concerns regarding the regulation, particularly to this budget implementation act, of derivatives. Derivatives are very complex formulas or algorithms that are used to calculate, particularly in the banking industry. Canada's banks are some of the world's most secure and obviously we want to keep them secure.
He said that he had specific criticism of it. What specific criticism would he have of the proposals in this budget implementation act and, if he has time, what would he give as an alternative proposition?