Ms Sharon Donnery:

Whether the loans stayed with the banks or were sold to non-banks, a primary focus of the Central Bank throughout that period was dealing with affordability challenges for individual consumers. That is why the code of conduct on mortgage arrears, which I think the committee is familiar with, was put in place. Significant effort was continued by the bank throughout those years and indeed, even now, to ensure that arrangements, whether restructuring or various alternative arrangements, are put in place by the banks and non-banks in dealing with customers. So, it was to try to find the most affordable way forward for anybody.