Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I welcome all of our guests and thank them for sending in their opening statements and presentations in advance of the meeting to give us an opportunity to go through them. I can certainly see the benefits of mortgage insurance or a mortgage indemnity guarantee, whichever the witnesses prefer to call it. The key issue is the pricing and the cost which I would like to tease out in a moment.

Are each of the entities represented here regulated in Ireland? Arch said in its opening statement that it is. Is Genworth?