Mr. Michael Layde:

We did want to pilot it rather than simply roll out what has already been rolled out by the Central Bank in terms of the commercial side. We wanted to test it in the particular context of local authority loans. There is a slightly different relationship between local authorities and their customers than there is between a commercial enterprise and its customers. We have been doing what I describe in Westmeath and Dublin successfully and, in the coming months, it will apply right across the system.