The
head of the national securities regulator eventually will join the SAC and the Financial Institutions Supervisory Committee, another inter-agency panel that keeps tabs on developments in the banking system.
Mr. Flaherty reiterated that the eventual
head of the national securities regulator he is seeking to create will join the FISC, completing a model that is being considered in the United States and the European Union.
Meanwhile, the Conservatives offer reassuring words but no clear plan of action on the creation
of a national securities regulator and introduction of pooled retirement pension plans (PRPPs).
This morning the Supreme Court of Canada rejected the concept
of a national securities regulator.