Mr. Derek Moran:

The Deputy Governor over the weekend highlighted some of the challenges for them, which are current and ongoing. The Single Supervisory Mechanism, which is the EU-wide supervisor, is expanding rapidly and it tends to draw staff out of existing central banks, which still have to continue domestically to exercise their supervisory functions. The Central Bank has made public a lot of detail but it is about trying to keep critical people and to retain them in their positions to get projects completed.