Mr. Matthew Elderfield:

That is the number from all the financial services sector. We closed 42 cases during the course of last year. It is a very useful and valuable source of information. I get letters and sometimes they are sent to the public complaints unit. Sometimes we receive calls. We collate them and send them to the relevant supervisory area. Approximately half tend to not go anywhere and half lead to action. Sometimes we have a supervisory response when we say systems and controls must be tightened up, or we make a direction to stop doing something. I recall one case where we said that, because the whistleblower was known to the firm, it needed to engage with the whistleblower and have a proper dialogue with the individual. We have had revocations of authorisation, supervisory warnings, enforcement and further monitoring. It is a useful tool. My guess is we will probably receive more under the new legislative framework the Oireachtas will pass because of the protected disclosures approach. I chair a meeting of our supervisory risk committee every quarter to track where we are on whistleblowing cases and ensure both that they are being progressed and that I am comfortable that the actions being taken are appropriate. We have tightened up the process but with the new legislation, we have the prospect to do more.