Yes, Mr. Speaker, this is going to take a multi-jurisdictional approach. The member is quite right that the provinces have a role to play, but the federal government regulates banks and the banking sector.
One of my children has a disability, and every January or February I make a contribution to her RDSP. When I do that, because I have made only one contribution a year, I have to answer about 20 minutes of questions to assess my level of investor knowledge, and yet I just read out examples of a senior walking into a bank who just opened an account and is wiring hundreds of thousands of dollars to Vietnam, and they get one question asked of them.
I think that banks can and should be doing much more to flag these problems, and perhaps we can at least help some of these seniors who are being defrauded out of their life savings.