Ms Derville Rowland:

The enforcement team is diligent in its work and it would be unfair to criticise its members for their lack of progress in this case. I am absolutely clear that we are running a number of important and significant investigations. This Davy investigation is one of those. It was properly progressed by the team. The team is also taking serious action right across a portfolio of cases, including in respect of tracker mortgages. Significant outcomes were delivered last year in the insurance sector and action was taken against individuals. The team is well able and capable of moving significant cases forward, as its track record demonstrates. We have taken, as I said, more than 141 cases to date with seminal fines delivered regularly. The Central Bank of Ireland progressed this complicated and challenging case with diligence, as it does with its enforcement work and the other complex cases it is discharging.