Mr. Wesley Murphy:

There are different elements of uniformity. We are responsible for supervising elements that are set out in regulations. We supervise implementation of the regulatory framework.

In this instance, a key one is the payment services directive and the payment services regulations and reporting requirements around that. A lot of the work we have been doing with the banks and the other payment institutions over the past few years involves seeking that consistency because it takes time. It is an iterative process involving how firms are measuring and monitoring it. We go out with guidance to the firms.

In terms of the reporting to An Garda Síochána, it has appeared before this committee. An Garda Síochána needs to be comfortable it is receiving notices of all instances of fraud, be it by the consumer or the bank. We expect the bank to inform An Garda Síochána if the consumer has not done so.