Mr. Colm Kincaid:

We have quite a good deal of information at a firm-by-firm level. The statistics we publish are necessarily aggregated. I am not in a position to talk about the individual actions of individual firms but we might take as an example the 100,000-plus borrowers who are with non-bank lenders, as mentioned by Deputy Doherty. Looking at those who are with non-bank lenders that do not originate new lending - because we must remember that some of these lenders do new lending and have fixed rates available - and looking at those who have seen their rates increase, it brings us down to a figure of around 30,000 in the context of variable rates and a similar figure of 35,000 or so on trackers. In particular, we are focused at the moment with these institutions on those borrowers who are on the higher rates the Deputy has referred to, firstly to understand where those borrowers might be facing particular challenges with switching, and secondly to understand what the lender's proposed solutions are for borrowers who say this is a rate at which they do not think they will be able to continue to pay their mortgage, which is the scenario the Deputy referred to.