Ms Derville Rowland:

Let me be clear. The Central Bank received a full suite of powers in the 2013 Act and we have moved to use them on every single occasion. That was sometimes for the first time and these powers are not exactly clear until they have been tested. I hope members see we have demonstrated through the actions already taken that the Central Bank is willing to move not just to the full extent of its powers but beyond those to seek to deliver a reasonable answer for those people who have been detrimented. Right now we are in a position where we have not yet fully crystallised the dispute with the lending institutions but we think we are moving into that space. We have already used statutory powers to deliver answers to this. We will consider the full suite of our powers with respect to what delivers the answer at the earliest point. Of course we will consider the use of our powers.