Mr. Ed Sibley:

With the greatest of respect, what I have tried to outline - if I have not done it successfully, I am happy to try again and continue to try to do so - is the amount of effort and work we put in to ensure all borrowers are protected, regardless of circumstance. The approach we have taken through all arms of the Central Bank to make sure those borrowers who are in distress - a very large number in distress are protected - are being dealt with in a humane fashion, that their individual circumstances are taken into account and that they are offered restructures to deal with their individual circumstances and put them on a sustainable path. That has not been possible for every customer, but more than 110,000 owner-occupier mortgage accounts have been restructured. There are still unfortunately - it is desperately unfortunate - some borrowers in deep arrears who continue to need to work through the problem.