Mr. Colm Kincaid:

We have a retail payments forum ourselves. We can lead an element of it, but it is different once one goes beyond the entities we regulate, including the social media companies, and the sorts of policy questions we have before us. For example, I have referred to the recommendation by the French Observatory for the Security of Payment Means on IBAN matching and so forth. The committee has quite rightly raised a policy question as to whether we should go that far.