Professor Philip Lane:

Let me make two corrections to that. First, let us see if it becomes necessary. It is still a live issue in respect of whether we think these groups are impacted. Let us see whether it proves necessary to go along that line or whether the banks reconsider.

We are saying that we will provide an update by the end of quarter 1, 2018. However, given that it is possible we may uncover more cases and so on, we cannot say that is the absolute deadline. We are trying to do as much as we can as quickly as we can. Let us suppose it arises that we find more. We may have to say that, to meet our deadline, we will have to declare that we are no longer going to press banks on these cases. We will continue to press. It may well be the case that some cases go beyond that.