The federal finance minister was speaking after one of his regular scheduled meetings with the heads of Canada's big banks -- the events are usually unremarkable and private
I want to make sure that when we regulate in the best interests of Canadians and Canadian investors, that we do not have gaps in our regulation that leave Canadians vulnerable to being sold products without being informed about what they're buying
"At the end of the day, when Canadian investors are concerned about securities, they come to Ottawa," he said.
Although it is not clear how a single securities regulator would have provided more protection for investors in non-bank ABCP than the current system, many on Bay Street are believed to support moves toward a national regulator to replace the 13 provincial agencies.
"It is very positive when all the decision-makers from Canada's financial community get together in a small room like this," said Nancy Hughes Anthony, chief executive of the Canadian Bankers Association,
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