Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I wish to ask the Governor about competition in the mortgage market here and the role the Central Bank's capital requirements play in our ability to attract new entrants. I ask him to clarify the rules that apply. Do the capital requirements lenders need to put in place act as a deterrent from such lenders coming here? The risk weighting for a mortgage by way of capital must be put aside. For a bank coming here and offering mortgages, what level of capital needs to be put aside?