Our national trade association, the Credit Union Central of Canada, was consulted throughout the process. I was also involved on a committee that dealt with it throughout the two or three years that the development of that legislation, or regulations, was under way.
I was disappointed, personally, and taken a bit by surprise, that the decision had already been made that it was going to go under the Bank Act as opposed to the Cooperative Credit Associations Act, which is the legislation we're under. This legislation already embeds the cooperative principles right in it. They have the ability to have full retail powers, because here I am, and that's what we have.
I was disappointed by that. If the government starts treating the credit unions more like banks and moves them too far under that system, you're going to lose that stability, because it is, in fact, a system. If you start peeling away the layers of that system, you could affect the stability of the credit union system nationally, and even at the provincial level.