John Paul Phelan (Carlow-Kilkenny, Fine Gael) | Oireachtas source

Okay, Finally then, under the Single Supervisory Mechanism, the four largest banks in the State – Bank of Ireland, AIB, Permanent TSB and Ulster Bank – are now supervised by the ECB while other institutions are supervised by the Central Bank of Ireland. Do you feel that there’s a risk that we’ve once more arrived at a dual regulatory structure which could lead to supervisory gaps in the future?