Ms Helen Dooley:

That is a good question. At the last count, we had 120 companies in the group which grew by one this week when the new holding company was established. I accept that 121 companies is a lot. The reasons largely stem from the past when we acquired many entities. There was also a practice in the past that if activity did not require to be undertaken under a banking licence, it was included in a separate subsidiary. That is not the practice we follow today. We intend to undertake an exercise to simplify the structure and reduce the number of subsidiaries. Of the 121, probably 100 are in Ireland.