Mr. Eamonn Stapleton:

I wish to add a broader response to Deputy Murphy's question. The reason I am here is that I am chair of the CIF's environmental, social and governance, ESG, committee. We established our ESG committee two years ago to try to address the issues relating to climate change. We have invested heavily in the membership of various organisations that will inform our members on best practice. We are not necessarily waiting for the regulation that we are talking about here to compel us to do something either commercially or by regulation. We see an opportunity for the CIF itself to identify the right approach. Hence our engagement here and with other parties, so that it is not done unilaterally in a manner that ends up with an ineffective solution. We embrace fully the need to make changes.