In fact, everything depends on what the House of Commons wants to do with a legal framework for a cooperative system, particularly for the credit union system. In that sense, my colleagues might perhaps be in a better position to comment on that point.
In my presentation, I referred to the usefulness of the potential creation of a federation or of establishing entities related to systems. One may nevertheless think that it would be more difficult to introduce that kind of thing in an act like by Bank Act.
The large international cooperative groups—whether it be in Europe, Japan, Canada or elsewhere—are normally two-tier organizations: a system of local caisses or local credit unions organized and headed up by a federation and often provided with a security fund, a central caisse and other entities. One can imagine that, if you went that route, a lot of chapters would be added to the current Bank Act.