Thursday 20 November 2008

Hooray! Throne Speech Proposes National Securities Regulator

The news that the Government of Canada has proposed in the Throne Speech, as reported by the Financial Post, to establish a national securities regulator is indeed welcome. It should simplify the ordinary investor's life through a single set of rules across Canada and improve the capability to police companies. ... Oops it seems that Québec won't want to be part of it, to which I say, "chers compatriotes, soyez réaliste, la crise financière démontrent on ne plus clairement que les investissements ne reconnaissent pas les frontières. Participez à la construction d'une agence qui peut améliorer notre sort commun. Le temps d'être clochard est révolu depuis longtemps."

The financial crisis shows that what we actually need is some regulation on a world scale and a single Canadian regulator is a step in that direction as a voice for Canada.

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