Professor Philip Lane:

The indicated plan is that we think a lot of the review should be done by mid-2017, but in terms of when redress and compensation will be paid out, in some cases there may be holding payments and initial payments and in other cases the banks have yet to work out the details. There are two levels, redress and compensation. We are engaging with the banks to try and move this on as quickly as we can but we must also be accurate. We must make sure the review is comprehensive. I will see if I missed anything on the timing.