Mr. Ed Sibley:

In our thinking about the Bill and the matter of unintended consequences, there is a degree to which we are looking forward. We are looking into the future but we do not have a 100% accurate crystal ball. We are raising concerns about potential conflicts in terms of the mandate of the Central Bank, about potential side effects that could arise because of the Bill and about whether contract law would supersede the Bill. We have concerns with the Bill as it is written today. Deputy Doherty asked about discussing explicitly with firms what they would do in circumstances where it was passed. I do not think it would necessarily be appropriate for us to do so.