Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

I appreciate that. The banking inquiry has proceeded to part two and I am sure those matters will be dealt with in more detail there.

My next question relates to the shape of Irish banking at this time. Despite being so far into the crisis, we do not yet have a good, functional banking system. There are question marks over Permanent TSB, with its restructuring plan having been knocked back twice. I understand a new plan has been entered into. In regard to standard variable rates, Professor Honohan has asserted that they are overpriced for new customers. There are question marks, too, in regard to lending to the market, trying to appeal to new entrants and creating competitiveness. Where does the Governor see the banking structure in the medium term?