Joe Higgins (Dublin West, Socialist Party) | Oireachtas source

Actually, in Ireland's response, Governor, it says, "The Irish Authorities acknowledge that branches of foreign banks have not been inspected, and while this is considered to be consistent with our risk focused approach to AML supervision, branch inspections will be performed." Now, that just leads me into my second last question, which is the figure of €2 trillion in the IFSC and such funds and insurance, corporations, etc., which is realised this year. That's 2,000 times €1 billion euro, it's huge. These financial funds are domiciled in Ireland, hedge funds, insurance, banking, etc. If one of ... a serious one of those collapsed, does the State have any responsibility for the debts that would accrue?