Madam Speaker, I thank my colleague for his speech.
I would like to know what he thinks of the idea of creating a Canadian securities regulator that would be based in Toronto, as proposed in the bill, especially given that Quebec has had its own securities regulator, the Autorité des marchés financiers, for a long time, and it is working extremely well.
Does my colleague believe that the existing entities should be respected and maintained and that the federal government, which as usual thinks it has all the answers, should not be allowed to encroach yet again?