Mr. Colm Kincaid:

First, in relation to AI, one of the things we have seen the firms we regulate do is put investment programmes in place to try to improve their systems and processes to deal with the challenges of AI, such as the increased sophistication of fraud and so on. As I said, we now see a need to have a wider policy discussion. The various arms of the Government have been engaged on the issue. The Department of Finance has been engaged through its work and will be engaged through the negotiation process at a European Union level. Having a strong and well thought-through economic crime policy in this area is critical, especially as regards authorised push payment fraud, given the particular nature of it. Until we have a more joined-up approach across all the agencies and clarity of policy around some of these issues, it will be difficult to co-ordinate. As Deputy Doherty stated, all the actors want to co-ordinate. I will give an example in the area of compensation we have been discussing. It is a question of reallocating cost in society. We see that as something that needs a legislative input. How to do it is a legislative consideration.