Professor Philip Lane:

I anticipate that we will cover a lot of ground in this question-and-answer format. We released our update on the tracker review examination yesterday. The introductory statement is essentially introductory. The Central Bank tries to put out as much material as it can on its website about what it can disclose. The opening statement indicated that, at a general level, priority was given to this examination and our position is that, in addition to the examination, we are signalling that our enforcement powers will be used to hold the institutions and individuals involved to account.