Thank you very much for being here, all of you. I appreciate it. I'm certainly learning a fair bit more about cooperatives and how they operate.
I am interested a little bit in the following, and I know Alterna will be here later. They're a major player in the village of Streetsville, which I'm very proud to have in my constituency.
I'm curious about the credit union system and to get a little bit more specific information on how it works, and how it works when you are operating in different provinces and under different regulatory regimes. Mr. Brun, maybe you could explain.
How do you manage to operate when there are provincial regulatory requirements that you must fulfill if you want to operate in different provinces, even though you term yourself as a national organization? What are the differences? Are there some barriers because of the fact that there's really not a significant federal role in terms of the regulatory aspects of day-to-day operations in a cooperative model, other than that you're a financial institution and you have to meet some of those federal regulatory barriers?
Are there things the federal government and the provinces could be doing to mirror or better align some of the regulatory challenges under which you have to operate?