Mr. Kevin Johnson:

On the Deputy's question about our attitude towards getting involved in the investment side, our view is that the most short-term, immediate approach is the creation of some form of bond which completely takes the risk away from the credit union side. We would be very supportive of that. We have promoted that idea since 2009. Credit union funds are not earning anywhere near as much as we would like, so this is a very productive use of the funds. It would be more than just a fund. Other witnesses have referred to the lack of awareness of many of the Government-supported schemes. That is certainly a role which we think credit unions could play as well. Without adding any risk to their own balance, they could certainly contribute meaningfully to a community. There are therefore two aspects to this: there is the investment itself, of which we would be very supportive, and the assistance with using the administrative support that is available. There is therefore plenty of potential. Whatever initiatives the committee might recommend and want to pursue, we would be very happy to participate in them.