Ms Mary O'Dea:

Yes. We did a lot on that, I believe, Chairman, in the rules ... specifically in the rules that did not exist before we came in and introduced them, and the first of the rules was the rule in relation to suitability of lending.

And lest there be any doubt as to how institutions would interpret that rule, we wrote to them specifically to say that ... what suitability would mean, and when 100% mortgages were introduced, we also wrote to institutions saying, ''Please look very carefully at the suitability rule, if you are selling somebody a 100% mortgage that they ... you have to; with the rule that was enforceable, that you have to make sure that that rule is suitable.''

And when you talked about the lengthening of mortgages moving out to 20 or 30, we did act specifically on that and we codified and put into the code that if people were wrapping up loans making them longer, therefore, adding to the cost of the loan, that that had to be pointed out to the consumer ... within it-----