Mr. Larry Broderick:

The answer is that we do not know. We are making two points on this. There are many statements being made that there are opportunities for Ireland, including Dublin, in this regard. We are just very sensitive about London jobs being traded off, resulting in a move to Dublin, and do not want to be involved in one of these trade-off situations. We are working very closely with our colleagues in the trade union movement in the United Kingdom to ensure an institution will not just jump ship from over there, resulting in many job losses, and locate here.

On Northern Ireland, we are concerned. There are 44,000 jobs there in the financial services industry. We are not too sure what will occur and we are doing work on it. When we conclude it, we will share it with the Senator. We are ascertaining the extent to which the workers are vulnerable. Much will depend on when the UK Prime Minister announces the intention to move on the UK strategy on Brexit. At that point, we will probably have a better opportunity to understand the degree of vulnerability. There are concerns, which we share, and we are raising them in the North and Great Britain.

The reason we are concerned is that Northern Ireland is part of the UK so it could be viewed as an opportunity to move forward.