Professor Philip Lane:

We can come back to the Deputy on this after we have learned exactly what the previous Governor, Professor Honohan, was referring to. As the system of insurance regulation is fundamentally shifting with Solvency II, the requirements in terms of the data we receive are far more general than previously. In insurance we now get a huge amount of data from firms but I will have to come back to the Deputy on the precise scenario in the letter to which he referred.