Mr. Speaker, let me reassure the hon. member that ensuring consumers are protected in their dealings with financial institutions is an essential commitment of our government.
As we announced in economic action plan 2013, we are working to develop a comprehensive financial consumer code to better protect consumers of financial products and ensure that they have the necessary tools to make responsible financial decisions.
To make the framework even more relevant to rapid technological innovation, the code would be adapted to suit the needs of consumers today and well into the future. For instance, it would respond to the realities of a digital and remote banking environment as well as to the needs of vulnerable Canadians, including people with disabilities and seniors at risk of financial abuse.
We will continue to remain vigilant to ensure that our financial system remains a competitive Canadian advantage and that consumers receive the highest possible standards of service.