Professor Patrick Honohan:

I am quite pleased with this operation. I know that some people are worried about it and have expressed their worries to me, but I am not satisfied that their worries are justified. The transfer of the systems took some time, of course, and there were hiccups and so forth, but everything is now running smoothly. We have checked that all of the data are very secure. Even the ECB thought we had done a good job. No jobs have been outsourced. As we had an end-of-life system, we had to get a new one. This is a system that can deliver - we could not have delivered it internally - at much lower cost to the State. I am not all that pleased that people have passed information to Deputies, but I respect their right to do so, if they think there is something seriously wrong. They might have thought that, but there is nothing seriously wrong. The system is working well.