Mr. Ed Sibley:

We do not have responsibility around interest rate setting. I appreciate the risk the Deputy is raising. We are not seeing evidence of that today. We have had this discussion with Deputy Michael McGrath on another Bill relating to variable rate mortgages.

We have not seen it. There is a question around unfair contracts and whether it would amount to abuse of contract in such circumstances. Clearly, we would be very engaged if that was happening, but we have not seen it to date.