Michael Creed (Cork North West, Fine Gael) | Oireachtas source

The reason I am asking that question is that in the health insurance market and other areas we have seen the big switch. The bank's premium customers are causing the bank no hassle and paying every month but they may feel aggrieved. If they felt there was a competitor which would offer them a significant reduction in their standard variable rate and that it was of such a magnitude that it would be worth their while switching, is the bank not vulnerable to losing its premium clients if it does not move on the standard variable rate?