Antigua Commercial Bank Caribbean acquired the Antiguan and Grenadian operations of the Royal Bank of Canada and subsequently the Eastern Caribbean Amalgamated Bank acquired the Antiguan operations of the Bank of Nova Scotia. FirstCaribbean International Bank (Barbados) Ltd recently issued a press release that it was selling its branch operations in Grenada, Dominica and St Kitts-Nevis to several indigenous banks within the ECCU. Please discuss how market frictions may impact the development of the financial market in the ECCU with reference to the reduced number of commercial banks which will be operating within the ECCU