Mr. Brendan Burgess:

On a separate issue, to deal with competition, what I have been advocating for ten years is that existing customers of a bank - I am talking about the main banks, not the vulture funds - must be offered the same rates as new customers; in other words, promote competition, force the banks to compete on mortgage rates alone, with no cash back offers and no special deals for new customers. The banks would have to treat all of their customers, both existing and new, the same. That is an important issue that is not covered by today's discussion but I would love to come back in again to talk about it.