Mr. John Hogan:

No, it is not the case that we only ask for information as we want it. There is constant interaction between the teams within the Central Bank and my division that deals with the consumer protection mandate. We and the Central Bank worked together on the credit servicing legislation and changes were introduced on foot of its suggestions. As the authorisation process in that regard becomes embedded and more information begins to emerge, our teams work constantly with the Central Bank's teams to understand the approaches that it is taking and monitor activity by servicing firms. It is not the case that the Department sits idly by, but there is a need to respect the independence of the Central Bank, which is core to its mandate and the legislation underpinning it.