Mr. Bernard Byrne:

I will give a response rather than a thought-out consideration of it. Given the change that has taken place on the loan-to-value piece, I can see the logic of leaving the 3.5 times rule in place to see what emerges, given that it has a natural dampening effect on affordability, which is probably a good thing. I can see exactly why the Government and the Central Bank have made that call. As I said earlier, it is clear that they will keep it under active review. If it turns out to be an issue, we should all assume all these mechanisms will be capable of being amended if there is too much exuberance in the market or if the Government thinks it is acting as too much of a dampener.