Mr. Kevin Johnson:

We share the Deputy's bewilderment. This time we are not asking for anything other than what we all signed up for. There was a package of recommendations from the commission. The credit unions have gone through significant change and taken on the challenges of implementing the new governance requirements. What was perceived as the balancing benefit was that they would be allowed to do different things as a result and that the regulations would be proportionate to the nature, scale and complexity of each credit union.