Mr. Jeremy Masding:

I would make three points. First, we underwrite a mortgage at a point in time based on the risk. Second, we accept that switching is part of the mortgage market. Third, a functioning mortgage market also has to have a retention element. Switching is switching. In terms of retention, I committed to looking at the fixed rates for existing customers which is a key part of our retention toolkit. That suite of products is under review. If I could just leave it there, that would be great.