Mr. Brian Corr:

On the recommendations of CUAC in mid-2016, the consultation on the review of the lending regulations was probably the highest priority item for the implementation group. That consultation is under way. The submission deadline was 9 January and the Central Bank has now received all of the submissions from stakeholders, probably including the committee. In the context of those regulations kicking in, it has been very useful for the sector that the representative bodies present, CUDA and the ILCU, have set up structures which will facilitate their members in doing something which is quite burdensome and complex for individual credit unions. It is a very good example of how credit unions can collaborate and develop services which will enable other smaller credit unions to do things on a far more cost-effective basis. That has been very useful.