Professor Philip Lane:

To an extent, because the rules are differentiated and there are more relaxed rules for houses up to €220,000 for first-time buyers. During the review process we can consider this issue in greater depth. The aim is to establish the risk factors. One risk is a person buying a trophy house on which a bank can make a massive loss versus taking smaller losses on a greater number of medium priced houses. There are different risks at which we can look.