Madam Speaker, I am thankful for the question from my hon. member, who is an individual I have interacted with greatly in the House.
After the financial crisis in 2008, the world moved to common reporting standards for financial institutions globally across the board. What we are adopting in Bill C-29 are common reporting standards that all OECD countries have incorporated. If there are situations that present themselves where there is an anomaly, then those situations may be worth looking into. However, at the same time we need to ensure we have strong, stable financial systems and institutions that Canadians can have faith in, and that can lend to borrowers, to creditors, and to people wanting to buy a home while remaining sound.