Professor Philip Lane:

We have 26 people in the bank working on this matter. The way it is set up is as follows. The first line burden is on the banks themselves to have sufficient staff to work through these cases. They also have the obligation to have an independent adviser to, if one likes, do quality control on their work. On our side, we have 26 members of staff plus our own advisers to help, which is essentially the challenge process, the on-site inspection process and so on. The bulk of the work is inside the banks and we have that kind of auditing and inspection dimension to it.