Mr. John Moran:

There should be such a register. If we compare ourselves with other economies in Europe, some countries centrally fund their data collection and these data are available to everybody to assist them in making business decisions. In this country data are opaque and not necessarily always shared. The industry generally would welcome far better data provisions. It is not just down to the availability of a commercial property register or the residential property price register; it goes much further than this, into some of the issues on which I have touched, including concentration of risk for banks and the geographics and borrowers to which they are lending. To use a favoured expression currently, the information we can access needs to be far more granular than it is to allow us to undertake a proper, rigorous analysis.