Mr. John Palmer:

We welcome it. The Deputy may be aware that one of the issues the Commission highlighted in its review of PSD2 was that strong customer authentication, SCA, was more complex and more difficult to introduce than expected and was much delayed.

We were one of the countries that was a bit behind with bringing that in, as far as I know, but it has had a very strong effect.

As regards confirmation of payee, we certainly welcome it in the context of instant payment and in the context of the new proposals today. As to whether it is feasible for us to move ahead of everyone else and introduce it, I know it is in operation in some places, like the UK and the Netherlands, but it is not available in most places and it is not an easy thing to do.