Professor Philip Lane:

Let me make a few points on that. I do not know the history of those reports, and we can get back to the Deputy about what is possible. This goes back, maybe, to something that I stated in my speech last week and restated in the introductory statement today - one way we are responding is that the Central Bank is significantly expanding its corporate staff. This includes the internal audit function itself, the organisational risk department, the legal department and the communications department. As a policy organisation, the temptation is to focus on the policy issues, but one also has to make sure the organisation itself is well run.