Mr. Brian Corr:

I will comment on PCPs from the perspective of the Department of Finance and the representative bodies can speak about their experiences. There have been two reports because a report on PCPs by the Competition and Consumer Protection Commission was followed by the Minister for Finance commissioning a review of the PCP market. This review was completed in November and set out a number of recommendations. Another division in the Department of Finance is liaising with the Central Bank, the Office of the Attorney General, the Competition and Consumer Protection Commission and other relevant bodies to implement the conclusions of the report. This is the backdrop to the regulatory work that is ongoing on PCPs.