Finance committee  May I add a point here?

Finance committee  There are now pensions funds that have reached a level of complete disbursement in Quebec and have no liquidity whatsoever. The federal Parliament has power over OSFI and the Bank of Canada, and a special action should be prepared or made or taken in order to allow the pension

Finance committee  Well, a common securities commission in Canada may not happen, Mr. Del Mastro, for a year, two years, or perhaps even longer, but here, within the next few weeks or few months, OSFI and the Bank of Canada could provide a special type of facility that would allow pension funds tha

Finance committee  Mr. Crête, I think that there are still investors who do not know that they have ABCP in their portfolios. The more we raise the profile of the matter, the more people will check for themselves.

Finance committee  Mr. Crête, I believe that an indemnity fund would have saved thousands of investors all these difficulties and complications. A fund of that kind would be an important advance for all Canadian investors and the entire Canadian trust industry. It could even become a symbol interna

Finance committee  With no warranty, no right to return the product, as can be done with every other defective product or service, it is important to remove fraud from the risks facing investors. To sum up, ladies and gentlemen, an indemnity fund should fulfill three functions: to re-establish a b

Finance committee  Mr. Chair, ladies and gentlemen of the committee, 20 years ago, this Parliament opened up the banking industry by letting banks become involved in the securities market: the greatest financial reform in the country's history. The goal was to increase competition in the capital m