Mr. Edmund Honohan:

Using the unfair terms directive should have the effect of capping their profits because if they come in saying "We want the sun, moon and stars", the directive will provide for looking at the underlying business model, the cost of funds, the commitments to banks and other servicers, etc. It might be found that actually, funnily enough, their costs have not gone up at all and they are not entitled to any more interest. That is how an analysis is done on the basis of proportionality.