Professor Patrick Honohan:

Well, it certainly is not happening all that much. Actually, the banks are still very concentrated in ... in the old kind ... that's all they do. But, actually, around the world, that's all they do - they lend money to ... to personal sector to build houses. By the way, on those sectoral concentration limits - and there was a mention of them earlier on and why they came in - I checked, I said, "Are they still in force or are they not? You know, give me a clear answer." And the answer is, they are still in force. None of our local banks are violating them at present. How could that be, when they've got all these mortgages? Because mortgages, personal lending, were not included in the sectoral limits. So ... but, in fact, there's an overlay of many other controls, so that even if there's some banks doing offshore business that are in violation of that - technical violation - they are being ... they are being told, "It's okay because we have this other check on you".