Mr. Colm Kincaid:

Just to build on the comments that the Governor made, the code and our regime require that all lenders, including non-bank lenders, must have a suite of options available to customers who may not be able to pay the mortgage they are on. This will kick in not just when a person falls into arrears, but when a person is facing arrears. Therefore, it also deals with a situation where people are facing a scenario where they may not be able to meet their payments. That is where our regime focuses on affordability. On that, I think the regime is strong. It is more extensive, detailed and intrusive than in other European jurisdictions.