Mr. Niall Cody:

The Deputy mentioned a couple of issues. The first of these is special investigations. I appeared before the committee in March to discuss HSBC. We had a 15-year campaign of special investigations linked to offshore accounts, bogus non-resident accounts, Ansbacher accounts and offshore trusts. By the end of 2014, the total amount we had recovered from these special legacy investigations reached €2.74 billion. While the total yield from the investigation into the offshore assets exceeded €1 billion during the year, it was not the case that €1 billion was collected during the year but that €1 billion has been collected over the lifetime of the investigation. The €2.74 billion figure represents the outcome of the work since investigations commenced in 1998. This work was ongoing in 2014 and the figure for 2015 to date is already in excess of €50 million.