Mr. Nick Ashmore:

No. We are working with the Department of Agriculture, Food and the Marine based on the market failures which it identifies in the agricultural lending space. We consider anything that impacts on farmers. Obviously, the CAP has a huge impact on farmers but we are not tying it in directly to the underpinning of the next scheme. I imagine it is a factor in the thinking of the Department as it articulates the market failures it has identified. At the end of the day, we are a policy delivery mechanism and the Department is the policy-setting organisation. We really follow its lead in that respect.