Gerry Horkan (Fianna Fail) | Oireachtas source

On Brexit and relocation, the Minister of State, Deputy Eoghan Murphy, accused other jurisdictions of regulatory arbitrage and suggested they are making it easier or we are making it difficult or a combination of the two. Obviously, there have been two reasonably high-profile announcements with AIG and Lloyds announcing relocation plans from London to places other than Ireland. While I accept the Governor’s position that it is early days, the initial signs are not great. The two companies mentioned already have business and involvements in Ireland but have decided to locate elsewhere in the EU rather than here. I know Professor Lane will already have addressed these points to a certain extent. Will he address the specifics and the Minister of State’s comments?