Dr. Robert Kelly:

To summarise, if the Deputy is talking about the individual credit assessments of individuals, that process is ultimately for the banking system to do. It is regularly reviewed by our regulatory colleagues either in consumer protection or from a resilience point of view by our supervisory colleagues. Then there is review at a macro level. That is thinking about the implications of capital within the banking system and what that means for the economy. We undertook two reviews a couple of years ago. Let us be honest, there are costs and benefits to capital within the banking system. You have to find the balance between the resilience you want to build and the growth you want.