Mr. Speaker, I want to offer congratulations to the member on his speech, make a comment, and then ask a question.
First, with respect to the bank recapitalization provisions of the budget, obviously this is a newer idea. What might be a good suggestion, and I would like to hear the member's comments on this, would be to have the Office of the Superintendent of Financial Institutions make public stress tests so that the public and the people who invest in banks can know that the banks they are investing in or are trading on are of the highest standards.
I have heard a few Liberals mention today that this recapitalization regime meets international standards.
First, could the member name one country that utilizes it?
Second, since the recapitalization scheme has never been used, would he agree there is some trepidation that the next time there is a financial crisis where this may be used, that it would the first trial, I think, in the world of such a bail-in regime? Is he concerned about that?