Seán Sherlock (Cork East, Labour) | Oireachtas source

That is a question which should be posed to the registrar as one of the workings of this interaction when she is before the committee on Thursday. I read her speech to the CUMA conference in which she addressed issues such as everyday payment accounts. She stated:

[T]he market is not large enough to support multiple offerings of the same products and services, but that limit is not one confined to one service model. So far, we have not received any formal applications beyond MPCAS, although our sectoral engagement suggests that this is an area of active interest.

If the credit union movement is talking about innovating and the potential for payment accounts, how does that work its way through the system? What does that mean from the credit union movement's perspective?