Professor Philip Lane:

By and large, the IFSC sector is very large. We are dealing all the time with inquiries, authorisations and so on. In recognition of the fact that there is a very specific reason, of course, for the new wave of inquiries, the major areas currently that we are building up relate to insurance and the funds sector. As actual banks look to see if they need new authorisations here in Ireland, we are also taking a contingency approach. We have made our forecasts of what we need for 2017. If, month by month, it turns out that there are more applications on their way, we will revise those numbers. We will be responsive if the level of inquiries goes up and can expand our staffing numbers in response.