Professor Philip Lane:

The Deputy is correct that there is a cap, and because the tracker harm was both before and after 2013, it will be some blend of the rule before 2013, which was the €5 million cap, and the post-2013 cap of €10 million. However, the scale of the harm, of course, is so high and this maps into where the calculation is. Let me turn to Ms Rowland. We have worked out a way we calculate the fine in respect of the list of reasons we bring into it, but Ms Rowland is best placed to go into it.