Professor Philip Lane:

I appreciate that. The issue then is whether the outcomes are similar or different and can be ranked. Deputy Doherty's belief is that the outcomes are going to be better with a bank than a non-bank. This is why it was so important we did the review of the code of conduct on mortgage arrears, CCMA, last year. That is a big data effort to see what is actually going on. Our commitment is to continue to look at that. As of last year, we do not see systemic differences in the outcomes between the banks and non-banks. It is an open issue for the future.