Ms Derville Rowland:

The report we have published looks at the culture of the banks, with a forward looking analysis of what needs to happen and an expectation that the banks will be held to account in that regard. Each bank had presented to it its own report which was specific to it. It does not look in particular at the AIB and EBS agent issue, which is another issue. Mr. Sibley has said there are a lot of issues in the banking system that have to be dealt with and not all of them fall within the scope of the culture report. The culture report, effectively, looks at the trade-offs the senior executive team weighs up when it looks at income versus risk and consumer focus. It is with that lens that the report draws its conclusions.