Mr. Ed Sibley:

We touched on this issue a little earlier, but I will address it again. The Deputy asked two questions, one of which was about pressure from the regulator to drive down the number of non-performing loans. It is undoubtedly there, but what has never come from us or the ECB is a specific target, methodology or approach to drive banks towards selling loans.

That has never been the case. We have never instructed that, nor has the ECB, but there is significant pressure and, for the reason we discussed, pressure will remain on the banks to bring down-----