Mr. Ed Sibley:

I understand that but I am not going to say that if this Bill is passed, we will immediately see interest rate hikes. What I would say is that what we have seen over the past two or three years is a degree of increased competition in the market and increased differentiation in offerings within the market in terms of interest rates being charged. However, with this Bill coming in, we would be unlikely to see new entrants, certainly new banking entrants, and so it would stymie competition. I am conscious we talked around the CCMA and the protections that are in place. Ms McEvoy might deal with that further.