Mr. Robert Marshall at the Special Committee on Cooperatives

On July 27th, 2012. See this statement in context.

July 27th, 2012 / 2:45 p.m.

President and Chief Executive Officer, Mountain View Credit Union Limited

From a regulatory perspective, we wouldn't be able to sustain our business model in a deficit position. We have capital requirements that are actually increasing because of Basel III. We're held to those same standards in most aspects. So, no, we wouldn't be able to run a deficit at all.

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