Ms Gráinne McEvoy:

I echo all the comments made and note as well that as a voluntary code back in 1991, the Central Bank's regulatory powers did not apply. The full suite of its powers could not be imposed on a voluntary code. Mr. Sibley rightly said both in his opening statement and just now that it has been superseded by a number of statutory powers through codes, legislation and otherwise, which allow the Central Bank to enforce its full suite of regulatory powers.