National securities regulator a Green idea

The Green Party of Canada fully supports Finance Minister Jim Flaherty’s bill to create a national securities regulator.  The Green Party platform has long called for federal regulation of securities, to protect investors from unfair, improper, or fraudulent practices, and foster fair and efficient capital markets as well as confidence in those markets. 

“Minister Flaherty’s bill is a good step,” said Finance Critic Ard Van Leeuwen.  “The current system of fragmented regional regulators was proving inadequate to deal with the underlying causes of the current financial crisis.  We hope that the provinces will see that a strong federal securities regime will lead to a more stable financial market.”

“The Green Party led the charge in calling for the needed step of a national securities regulator and we are pleased to see Minister Flaherty championing the idea,” said Leader Elizabeth May.  “With all of the other G20 countries already having such a system in place, Canada’s step forward will foster confidence in our markets and show that Canada is an excellent place for investment.”

"Unfortunately, the federal government does not seem to recognize that the same logic for stable national regulation applies to environmental reviews, instead the Conservatives are dismantling the federal role," said May.

Contact Information:
Debra Eindiguer
Press Secretary
C: 613.240.8921
media@greenparty.ca