Professor Philip Lane:

It would have moved a lot more quickly if some of the hold-out banks had done a better job in designing schemes and properly assessing the cases they had. The delay until now essentially has been due to the inadequacy of how some banks have dealt with the issue. At this point, we think a lot will happen in the months before Christmas and early 2018 because of the work already done. This concerns the 13,000 cases which the banks have accepted have been damaged. We are continuing to work on other cohorts where the-----