Mr. Paul Kenny:

Mr. McCarthy estimated the cost saving to the Exchequer at €1 million. I do not believe that will necessarily be the case. The work the Department of Social Protection, DSP, does for us and the rent the Office of Public Works, OPW, pays for us, to give it credit also, is not taken into account in our budget, so there will be savings in that respect because they will not be paying the rent for us in future. A great deal depends on how the hybrid operation is financed, because until now our office was financed by a direct grant-in-aid from the Department of Social Protection budget, whereas the Office of the Financial Services Ombudsman is financed by a levy on the financial services industry in general, which is fixed by the council of the bureau.