Professor Philip Lane:

Yes; that is broadly correct, but let me emphasise that it is January 2018 and the lenders are all working to timelines. What we have said is that there are really two groups. There is the group of approximately 13,000 customers whom we identified before October. With one exception, their cases will conclude by the end of March. Every week the number is moving closer towards zero. With regard to the extra 13,000 customers between October and December, some cases are moving along quite quickly, while in others we think a lot will be done in these couple of months but it will all be done by June. Essentially, there are two groups.