Ms Seána Cunningham:

Sure. In the context of individual accountability, there are two main elements of our powers, one being under the administrative sanctions procedure and the other being under the fitness and probity regime, which Ms Rowland mentioned earlier. To explain how the administrative sanctions procedure works, what the Central Bank needs to establish is that a regulated entity or firm committed a regulatory breach. It is only thereafter that the Central Bank can examine whether persons concerned in the management of that firm participated in the breach. Where we would have been seen previously, under the administrative sanctions procedure, the sanctioning of a firm, it is not unusual that it might be thereafter that we take action against an individual by way of settlement or by going to inquiry. We have sanctioned 19 senior individuals to date under the administrative sanctions procedure. Deputy McGrath has heard Ms Rowland mention the fitness and probity regime. In that context we have prohibited seven individuals from performing roles in financial services for different durations, depending on what they had done.