Mr. Derek Moran:

Companies will make decisions based on their needs and plans. Our colleagues in the IDA talk to companies all the time. Some of the financial services jobs will undoubtedly come to Dublin and some of them will go to other locations. We have to ask ourselves what is the biggest risk. I believe the biggest risk is that we will not have a substantial global financial services centre in UK after all this is over. In terms of HSBC making those choices, I have no doubt it made commercial choices on the basis of its own needs and perspectives. I have no insight into why it did not choose Dublin over the locations it chose.