Dr. Martha O'Hagan-Luff:

I know the Deputy wants to move on but he makes a very important point. This could be a useful tool for banks in the future. The securitisation of mortgages has been done in banks in Germany for decades and it is done very regularly in the USA. It is a useful product but we must ensure that there is adequate consumer protection. We must carefully consider duty of care and make sure that consumer protections follow those loans wherever they go. We want to allow banks to access a useful capital market solution to the funding of mortgages but we want to ensure that there is adequate consumer protection at the same time.