Mr. Ed Sibley:

They may operate through a shared services model. We are entirely open-minded about such a proposal. It would bring some benefits because an issue for credit unions is the scale and cost of undertaking mortgage lending or large-scale lending to SMEs on an individual level. I would have a lot of sympathy for their having a degree of shared services, whether in the form of a public bank or through a third party that allows them to do that.