Ms Derville Rowland:

There are two different statements there. The system permits the transfer of mortgages from the banking sector to the non-banking sector. I know the Deputy does not agree with that but it does permit it and that is the policy framework within which we operate. Performing loans were certainly transferred. I cannot refer to the figure the Deputy has. I do not have it to hand. I will not quibble with it if the Deputy has it in front of her. I would certainly say that performing loans were sold. Many mortgages over time have been redeemed and changed, so I cannot speak to that group of people, but we think there is more opportunity for customers in the non-bank sector to switch to other products that are better priced for themselves.