Mr. Ed Sibley:

I am happy to do that. With regard to the Sparkassen, I met representatives of Irish Rural Link and the Sparkassen in the past couple of weeks. They are very clear about the approach they wish to take, which is a full banking licence and a full banking model. We have a clear authorisation process and we are happy to work through that. As I understand it, the issue is not about the authorisation process or the work of the Central Bank but funding the capital for whatever they wish to do. Sparkassen are operating as consultants but in order to operate a bank here, they must fund it. The costs associated with building infrastructure must be found. In terms of any engagement or progress that must be made in that regard, there is a process we are going through repeatedly with Brexit at present in respect of the authorisation process. We are happy to engage on it, but it would be as part of a banking licence application. That obviously requires the funding and the capital to do that, which is not a matter for us.