Ms Anne Marie McKiernan:

I would like to come back to the point about the lending restrictions programme and the progress in that regard. As I mentioned, the programme was put in place to limit excessive risk-taking lending. The size of the restrictions was calibrated to allow all the credit unions on which they were imposed to do normal and appropriate credit risk management and lending. We continued to see poor practices across credit unions during our supervisory engagements. These showed that, in many cases, they were not doing the appropriate credit risk management. We bear in mind that it is the funds of one group of members which are being lent to another group of members, that is, borrowing members. We want to ensure that those funds are appropriately safeguarded. We make no apology for putting in place regulatory requirements which are proportionate to the size and complexity of the credit union sector. Again-----