Finance committee  Yes. It wouldn't include exchange-traded derivatives that are traded on the Montreal Exchange that are regulated by the AMF.

Finance committee  Indeed it was. You're referring to the provision to empower the Governor in Council to promulgate regulations as regards bank submissions to financial benchmarks. The key benchmark in Canada this would relate to would be what's called the “Canadian dealer offered rate”, which is

Finance committee  So in regard to the first part of the provision that deals with the regulation of derivative transactions by banks, we're talking about over-the-counter derivatives, not exchange traded derivatives, which would include those products traded on the Montreal Exchange that are right