Ms Derville Rowland:

I will come to that. Some of the discussion we have had today is about the frustration with the progress and why we are not further down the line. This is because the Central Bank team did an enormous amount of work in challenging the banks in respect of all sorts of dimensions of their proposals. Proposals came to the Central Bank to the effect that there was no need at all for an appeals mechanism because whatever compensation the banks were putting forward was enough. The team successfully challenged that.

Then more of the proposals were, "Yes, that person is in scope and they are impacted but nothing really bad happened so there is no compensation at all". The team successfully challenged that. Over time, the team successfully took the time, which was a good investment of their energy, to challenge those proposals to bring them up from where they were.