Mr. Antoine Mac Donncha:

The reality is that the courts have effectively policed that already up to now. From a commercial point of view, it would not have made a great deal of sense for a purchaser of the loan books to start acting in an egregious way towards customers. Had they done so and tried to enforce the loans against those customers, the courts have made it very clear that they would not look kindly on that sort of behaviour and they would not be disposed towards granting enforcement reliefs to people who had behaved in that way. Our understanding is that in general there has not been a very widespread pattern of people misbehaving in that way. In any case, however, once the regulations are in place, people will be entitled to all of the protections. Even if somebody had been attempting to do that in the past, the regulations will kick in at this stage and customers will be entitled to the benefit of them.