Pearse Doherty (Donegal, Sinn Fein)
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Some banks have already done it. One bank, which I will not name, carried out an internal assessment. It looked at the mortgage penetration in certain geographic areas and has made calculations on that basis in terms of what type of exposure it has so there are methodologies for estimates. If one is waiting for the customer to tell the bank that his or her house has an issue in terms of defective block, and many of them will not because what is the point as the banks are not offering anything to them. The banks charge the same commercial interest and do not provide additional working capital at low-interest costs, etc. Estimates are being carried by at least one financial institution that I know of, which used that methodology. It is fair enough to be able to use that. There are estimates on the number of homes that are affected, in different regions. Then, based on the penetration of mortgages sold in that period and region, one can draw conclusions on the potential exposure for financial institutions. Would the Central Bank not want financial institutions to look at those matters?