Mr. Bernard Sheridan:

We have adopted and are continuing with the policy of precluding or keeping out of the market the higher cost shorter-term loan providers. We are interpreting the legislation in a way that allows us to do that and we intend to continue to do that. We will also be alert to whether any of these providers are trying to come into the market without obtaining a licence in the first place.

The creditworthiness assessment issue has been raised a few times today. That is an issue on which we have followed up with the industry, but it strays into the area of the credit register and such areas. We would be conscious of that.

In terms of other issues, we will investigate the practice of offering loans to people who have an existing loan in order to offset some of their existing loan. That brings in a few issues such as keeping the person tied up with the moneylender and making them less likely to go somewhere else if these loans become longer-term. That is one issue we will investigate. We have started that process and it is probably a priority for us.