Ms Moyagh Murdock:

I would not accept that. I am completely agnostic on who asks for the information as long as it is only asked for once. I would suggest that the Central Bank takes on board what omissions there may be or may be perceived. I certainly do not want to end up having a dual exercise conducted here. Whether it is the UK system or the existing NCID system, the objective here is to come out with transparent and informative information so policy can be agreed upon. If measures need to be taken because there is a view that it is not delivering the results, then the Central Bank has the power to do that, and it needs to do its job as well and ensure it has an effective data collection system. Whether it is the Deputy’s Bill or the Government Bill, the Central Bank will end up doing the job. It is down to it to make sure it collects the correct information from the consumer.