Mr. Jeremy Masding:

As the Senator used the word "accusation", I wish to respond to that. As a professional banker I assure the Senator that we do not engage in balance sheet management or optimisation or trying to make the position of the bank look better as a decision rule for arrears management. We use affordability and sustainability. Long-term interest-only payments across the global banking system is a sustainable treatment in buy-to-let properties because it is not somebody's home but an investment. We use long-term interest-only solutions if we believe that at the end of the mortgage term there is a chance we will get the capital back.