Mr. Bernard Sheridan:

The Deputy is right; it is not just about mortgages, which are only one small element of what is being sold. Small and medium enterprise and commercial loans are being sold. The benefit of the legislation we have is that irrespective of who the owner is, the protections in place for those who are with a bank or whatever continue after the loan has been sold, in other words, irrespective of who is the owner of the loan. The provisions of the code on mortgage arrears and the code for small and medium enterprises continue to apply. I am not saying the relationship and risks have not changed for the borrower but at least the protections have been, if one likes, embedded.