Professor Philip Lane:

The unfortunate answer is yes. We have pushed this as hard as we think we can to maximise the pace at which Ulster Bank. and all other lenders for that matter, pay out. This is where we are. There is a phased approach for Ulster Bank because it seems the way its internal files and computer files are such that they create this mechanical, operational constraint. We wish it was different. We have pushed them to what we think is a feasible pace. When Ulster Bank is before the committee, this can be pursued because it does read odd. It is something to ask about.