Professor Philip Lane:

As I said in the introductory statement, in addition to what is going on now, which is the banks going through identifying cases and then coming with redress and compensation for those affected, that is one part of what needs to happen. The other part is our enforcement against the institutions and individuals involved. I do no think it would be a good idea to preview at this point the outcomes of those enforcement cases. We can come back to this core question once those enforcement actions have come to completion. The nature of these enforcement actions are such that I think it is wiser for me to say that the issues the Deputy has raised are the kind of issues that we will be assessing as we move along in assessing any enforcement actions against these institutions.