Ms Seána Cunningham:

We wanted to communicate clearly concerning an expectation about co-operation that was not necessarily being met. In that context, we would hold weekly meetings to ensure there was timeliness and be on site to challenge methodologies for retrieving data. We are on top of it, but we are signalling to regulated firms - this is broader than these investigations because it goes across all enforcement investigations - that an expectation of co-operation means that we will require the documents to come to us in a timely and proper fashion. If they do not, we will note that and impose sanctions. I am not highlighting a particular issue today that we are unable to deal with, rather the clarity of communication from the regulator about what we expect by way of co-operation.