Ms Derville Rowland:

For us it will be a matter of the year that the issue arose in combination with the regulatory rules in place at the time. For example, the consumer protection code in the Central Bank of Ireland came into being in 2006. Therefore, one could not have a breach that pre-dates the code. To determine whether anything is in breach of the code one must consider when the rules were in place. Depending on the rules and the frameworks that one is considering, and when the events arose, there is no limitation period on us to go back in time. If we find something from quite some time ago, and there was a rule in place which was breached, we can pursue that.