Mr. Ed Sibley:

We are clear about the minimum standard, which is the statutory codes and complying with all legal requirements, as well as the broader approach that firms have and how they deal with their customers. We expect firms to treat their customers fairly. We supervise all entities that have consumers as part of their customer base in similar fashion. Strong protections are in place. Loan sales are not just a feature in Ireland. We have made sure, including through the work of members of this committee, that protections that are in place are the same regardless of the loan owner.