Professor Philip Lane:

Our enforcement approach covers both institutional accountability and, where the evidence supports it, actions against individuals. Over the past year or so, the Deputy will have seen that our enforcement team is increasingly delivering in terms of holding individuals and institutions to account. I do not want to preview any current enforcement actions. I agree with the Deputy that where it can be supported by the evidence, it is vitally important for the credibility of the system that we hold individuals to account for their behaviour. The two tracks of this approach - institutional accountability and individual accountability - definitely form part of our enforcement approach.