Mr. Aidan Carrigan:

The thresholds are clear, but the regulation provides that the ECB must bring forward methodologies on their application and tease out the detail of how to identify specific banks to supervise. Based on the criteria, it is likely the two pillar banks in Ireland will fall under direct supervision. It is a matter to be determined based on a methodology yet to be established by the ECB. The ECB will take over supervision in March 2014. As of today, the banks may meet the criteria, but we will see what happens in future.