Professor Philip Lane:

We are acting here at several levels. The first level is to accelerate and do as much as we can so that payments are made to those affected. Equally, however, there is the Chairman's question about the implication for the banks over and beyond making payments to those affected. If they have violated our codes, they will be subject to enforcement actions. That already happened pre-examination with PTSB, we already announced the settlement, the enforcement, for Springboard, which is now owned by PTSB, and that is the administrative sanction in terms of violations of our codes. If we see evidence that we think should be passed on to the Garda in respect of fraud and theft, it is for the Garda to make that decision.