This reflects our approach whereby high-quality supervision must be underpinned by a rigorous approach to enforcement. Our role in the collection of financial data will also be further expanded through the establishment of the Central Credit Register (CCR).
A more adverse scenario takes into consideration a temporary interruption in the flow of natural gas from Russia, to be offset only in part by other sources: the impact on GDP is projected to be significant, and activity in some very energy-intensive sectors could be affected by interruptions in production.