Mr. Tim Molan:

It is an important and practical thing. There is a legitimate space for a credit union with €10 million, €15 million or €20 million in a particularly localised community. I know that there is relativity to asset size and other factors, but there should not be a situation where someone walks into a credit union which has only €15 million in assets and asks for a substantial amount. We might know that a credit union 20 miles away can do it. The market in Canada and the USA has a secondary market, where the €15 million credit union can actually take the application, process it and hand on the actionable part of it to credit union X further along the way.