Mr. Des Carville:

If I may comment on social housing, that was one of the tangible areas identified on Tuesday afternoon. We have had interaction in 2016 with both the Credit Union Development Association, CUDA, and the ILCU about social housing. I have written to the chief executive of the ILCU about its two proposals. From the Department's perspective, one of those proposals would not have worked. We explained why not in several meetings and I put it in writing. We are encouraging a separate proposal, which is for individual credit unions to invest directly with approved housing bodies. As I mentioned earlier, that is a commercial arrangement between two bodies. We are not part of that equation. We could be part of the equation in regard to investment restrictions. These are governed by the Central Bank, not the Department of Finance. The Central Bank intends to consult with the sector in regard to investment restrictions. We expect progress to be made on that issue over the next year.