Mr. Seamus Boland:

At present, we have closures of banks left, right and centre. On one of the days we met the Department of Finance - I will take that question as well - there was a big advertisement in all the newspapers telling Irish Nationwide Building Society customers what it was going to do because it was pulling out. We will not any way inhibit the pillar banks by setting up this model. They were not affected when ACC was here, and, come to think of it, neither was the credit union movement. The credit union movement thrived during the ACC period.

As Senator James Reilly said, it is about finding ways to make this happen. As I said, we are not in a position to answer all the questions because, truthfully, the Department of Finance and the Central Bank have to provide answers also. It is about making it happen. I have no idea why we should even be slightly afraid of it, given that we had ACC which did no harm to either the pillar banks or the credit union movement. I am sorry for going on a bit, but that is just me.