Mr. Larry Broderick:

I must be honest with the Chairman that it is strange. We were not aware until some time recently that, as we understand it, 15 institutions are being accused of similar activity. We were probably not aware of this as a union, as members, because much of the activity was carried out through individual contact with individual customers. It is oriented around legal contracts and legal interpretation. In many cases, customers accepted the outputs at the time as being beyond challenge. I think this has only changed since the Central Bank has come in. This is why we have suggested that perhaps there needs to be an interim report from the Central Bank giving a heads-up. The report could ask what has been seen to date, the background to the trends that have emerged, whether there is a cartel involvement and whether it is widespread, whether there are justifications for that and where the matter is going.