Professor Philip Lane:

The reality of the situation is that Ulster Bank is on a timeline. Perhaps Ms Helena Mitchell will confirm that. Ulster Bank is following the timeline that has been agreed. It is not the case that they have not paid out anyone. They had a target for what to do in 2017. There is a target for how quickly to complete that. The reality is - it is something we find quite disconcerting - the ability of Ulster Bank in terms of its systems, files and how it operates, is more constrained by the other institutions.