Mr. Fergal O'Leary:

No, we certainly do not work in silos. We have a co-operation agreement with the Central Bank that, first, makes sure that we do not overlap and duplicate what it is doing. We have regular engagement with it on a range of issues. We keep in close contact with the Central Bank. I admit that its study on insurance will be much more in-depth than ours. That is by virtue of the access to information it has. While we have similar powers, it has the consumer protection code and other regulations that allow it to get data in its sector much more quickly and in much more detail than we can. There will be close engagement in the next couple of months. We will provide any assistance that we can but, ultimately, the Central Bank probably has the resources to progress the study mostly by itself.