Thank you for the question.
With the systematic approach we have, if a credit union starts to run into problems, they'll be absorbed by the system and another credit union will come in to assist. That's the cooperative nature of the system. That doesn't exist between competitive banks to the same extent; it's more by way of a hostile takeover, or something of that nature.
It's more of a cooperative, a joining of an association, when the credit unions run into difficulty. They join to become a bigger credit union. We've seen a lot of that consolidation, not because of financial problems, but because in order to have a competitive balance with the banks they're finding they need to join forces with neighbouring credit unions.
The role we play in that is basically.... We do see credit unions of all sizes coming to us for help with syndicated loans because of various factors, whether it's their own internal credit risk policies or because they're a provincial insurer, or because of laws and regulations in their particular provinces. Whatever restrictions they face, we try to overcome those restrictions by offering them a partnership. They can still do the business they want to do and compete at the same level as a bank without stretching any of their boundaries.