Mr. Ed Sibley:

We have carried out an enormous amount of work in connection with commercial loans to small and medium enterprises, SMEs, over a long period. For the avoidance of doubt, the SME owners who have mortgages fall within the scope of the tracker mortgage examination. That is not the Deputy's question, but I want to be very clear on that issue. Since the crisis we have carried out numerous inspections in the banks looking at SME loans, led primarily by the banking supervision mechanism, and how they were being dealt with. We have seen no evidence of problems in that regard. We also note that the protections in place for SME borrowers are somewhat different from those in place for retail borrowers, but at this stage we have seen no evidence of problems. There is one particular issue in the public domain about the treatment of distressed SME debt in one particular bank, but I do not believe it is relevant to the precise question being asked.