Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

They have to undergo a Central Bank application process. It is not a matter for the Minister; it is for the bank and others in the sector who may like to provide similar services. These services are commercial in nature. I am not opposed to the ILCU's plans and I wish it with them well but they are not within my area of responsibility. I do not want to inhibit the project from proceeding, nor do I want to endorse it, in case I could be interpreted as interfering in a business matter.