Mr. Gary Tobin:

Yes, but it would be surprising if SMEs were not taking account of Brexit. With regard to the demand for and supply of credit in the consumer market, that is now driven by the macroprudential rules to a large extent. The Department of Finance is very supportive of these rules. These are rules which the Central Bank has put in place, the purpose of which is to prevent excess lending into the market. We occasionally hear commentators say that these rules should be relaxed. That concerns me because, while I quite understand why people would want to take out mortgages four, five, or six times their income, it would be incredibly unwise in terms of their own financial capability, about which we talked earlier. While those macroprudential rules are difficult in terms of the requirements they put on consumers in respect of deposits and so forth, if we are not to repeat the same mistakes we made the last time, we have to do things differently.