Mr. Ed Sibley:

There is a limit on what we can do in terms of requiring lenders and banks to make certain lending decisions to lend money. We have outlined our expectations, as the Governor has talked through. We expect them to look at these issues in a sensitive and prudent way. It is also in the borrowers' interests that they look at it in a prudent way so that they do not get overindebted.

For many reasons, we are operating in a very difficult circumstance, both for those who have existing mortgages or other forms of debt and those who want to take it on. We expect those issues to be looked at in a sensitive way on a case-by-case basis. We cannot make banks lend money in circumstances where they are not comfortable doing so.