Ms Marie Hunt:

Exactly. Having such a system in place might be quite useful. The final recommendation is to go back to having no property specialists or chartered surveyors working in the banking industry, and no qualification that crosses the divide. In my training as a chartered surveyor, I had no training whatsoever in banking and people doing banking and financial qualifications have no specialist training in commercial property.

They could well end up in a bank where their primary business is lending into commercial real estate without really understanding it. As the committee will find from today, it is quite a complex area. That could be a recommendation for the future, namely, that we put some sort of banking qualification in place where one can get training if one will be working in purely the area of providing funding to commercial real estate, which is quite specialist.