Mr. Antoine Mac Donncha:

The person who will service the loan book will not necessarily be a regulated financial service provider. The servicing of a loan book in and of itself is not a regulated activity as matters stand. There are service providers in the market at the moment who are servicing loan books on behalf of other people and because they are not issuing credit on their account, they do not fall under the scope of regulation. They are acting on behalf maybe of a lender but they are not regulated.