Mr. Larry Broderick:

The logic is that we do not believe short-termism on the part of big international banks in London, whereby they sack the staff and place them in Ireland, is the right place to go. They have to justify it to their own staff and unions in the UK and the individuals have to be treated with respect. Provided that is the case, we should be first to show we have a regulated proposition and a working environment that welcomes trade unions. There have been experiences of enticing people to move but without providing a structure. Banks should not relocate on the backs of staff.