Mr. Bernard Sheridan:

The criteria that apply in this process are largely set out in the legislation - we must consider the impact on competition. Each institution must make a formal notification and that must set out the commercial justification, which will include data from the banks and other institutions in terms of the expected usage on what the charge will be based and the cost associated with providing the service. We go through a process based on their commercial justification. We then also assess, by looking at the outcome, the impact on customers, the actual increase associated with the charge, whether it is in line and the implications for particular classes of customers. We feed that information into the customer profiles and look at how that is changing.