Ms Helen Dooley:

In terms of the senior executive accountability regime, one the most important elements is to ensure that accountabilities are sufficiently defined and mapped down throughout the organisation. We have taken learnings from the senior management regime, SMR, as rolled out in in the UK. We have also engaged with industry colleagues in other jurisdictions, such as Australia, Hong Kong, and Singapore that have a similar regime. Another key element of the SEAR legislation is anticipated to be a code of conduct for staff. In the past number of years, we spent a lot of time on looking at the code of conduct and building what we believe will be the foundations of the SEAR legislation. We took learnings from other jurisdictions and based our regime on what the Central Bank of Ireland has advised to date. These will be the cornerstones of that regime. The Senator also touched on the GDPR legislation, which came in 2018. We welcome it, as we do anything that gives customers access to their data, and the ability to correct data when it is wrong. We believe that we have dedicated appropriate resources to that. We engage regularly with the Data Protection Commissioner on issues as and when they arise.