Mr. Gabriel Makhlouf:

I will start and then I will pass it on to Ms Rowland. The Central Bank is not responsible for the FSPO. Let us just be very clear about that. I cannot comment on the judgments the FSPO has made, not least because I am not aware of exactly what judgments it has made, but we are not responsible for them. The Deputy has insinuated that members of the Central Bank lied to Members of the Dáil. I really do not accept that. I have not seen the precise text of what people have said but I can understand why people may have given you the impression that all the protections offered by the bank's consumer protection code and the code of conduct on mortgage arrears apply, irrespective of who the lender is. I do not think we were making comments on what an independent entity like the FSPO was or was not going to do. Perhaps Ms Rowland can come in on this.