Mr. Speaker, that is an excellent question. I would like to divide my answer into three parts.
The first part has to do with whether the businessman is going to feel coerced into buying the product the banker is shoving down his throat. The question then becomes is the bank in this instance acting as a broker for a variety of insurance companies or is it going to be presenting its own insurance company which it owns? Talk about a conflict of interest; there it is.
The second part concerns whether the individual gets the best possible premium rate. The individual, in order to get the loan through, will buy the insurance as well at the same time.
The third point is that recently the banking community had a study done on its branch network. It seems to me that both in the United States and here in Canada the conclusion was and the recommendation was to reduce the number of branches. That network, which is supposed to be this great fanning out, is actually going to go the other way.
I do not think that businessmen or individuals are going to be served as well as they are today.