Mr. Seán O'Neill:

Absolutely. No one is trying to drum down regulations, by the way. We embrace it and we want to build better. Our building should be subject to scrutiny, but I believe one of the issues is that it is difficult to lend for a location where house prices are at €200,000 or €220,000 because it is marginal. If anything goes wrong, it is a problem. Every site is different. A builder could hit rock or any number of different issues. It is not a question of one size fitting all, but it is marginal at those levels.