Mr. Gabriel Makhlouf:

I have not had any engagement with the electricity companies. I do not know whether or not people in the Central Bank have. We think the switching code is clear. If there is a need to change it because it is not clear, we will look at it. Just a few days ago, we heard via the Banking and Payments Federation Ireland, BPFI, that it had experience that the occurrence of switching in mortgages was increasing, so there seems to be some awareness. The team who will attend later this afternoon will probably be better placed than me to tell the committee. The switching code is important and it has a place. I am afraid, when it comes to talking to the utility companies, I have not done that and I do not know if anyone in the Central Bank has either.