Our end-March report shows that the redress and compensation figure is now € million– with 37,100 cases identified. The supervisory phase will conclude this year. Enforcement activity also remains ongoing, with investigations initiated against six banks. We are also undertaking a wide-ranging assessment of the underlying organisational culture of the five main banks.
In 2017, we moved to ensure we were appropriately set up to meet the demands of our expanded regulatory mandate by establishing prudential regulation and financial conduct pillars. Across the four pillars (central banking, prudential regulation, financial conduct, operations), we work as an integrated organisation in fulfilling our mandate.