David Cullinane (Waterford, Sinn Fein) | Oireachtas source

-----and the reason is that the people who manage the investments and the custodians would need to have the wherewithal to be able to do that. The State, whether it is through the Revenue Commissioners or the Department, deals with tens of billions of euro every year, so it is not credible to put forward a defence that the money simply cannot be transferred at one time. I am putting this question as an observation. Some people might ask whether this is a stalling tactic. I cannot see how it is credible for the Department of Finance to say that the money simply cannot be transferred in one go, so I believe there are possibly other reasons for that. Can the witness explain why it would be difficult for the money to be transferred in one go, given that tens of billions of euro go through the hands of the State every year?