Mr. Ger Mitchell:

On the CPI letter? The date of our submission was 8 December and the Central Bank on 9 February issued its determination on CP87. The Permanent TSB position supported the objectives set out in CP87 and it was supportive of the fact that it attempted to increase the resilience of the banking in the household sector to the property market. We were also cognisant of the fact that it wanted to re-enforce the suite of credit risk mitigation tools that were currently in play. We had two main concerns. One was the potential for this to cause an obstacle to home ownership.