Mr. John Palmer:

One of the options was full liability for fraud reimbursement. I am just saying it is interesting and instructive that the Commission has decided, when it had the opportunity to do so with its proposals on the new payment services regulation, not to introduce a full liability on banks and other PSPs for fraudulent payments caused by social engineering because it considers it "would have caused significant costs or upheaval in the market, for uncertain benefit". That is something we would have to take account of in analysis of whether it is a good idea to do it here.

Moving on from that, I assume the Deputy is interested in what we are doing on it-----