Mr. Maurice Crowley:

The only ones that are visible are Bank of America and Barclays, which are growing their operations here significantly. The IDA's success has largely been with asset managers and specialist functions like prime brokerage. By and large, the banks have dispersed their activities across Europe. While we have seen a certain amount and are very pleased that Bank of America and Barclays are reaching the scale they are aiming for in terms of employment, there has yet to be a mass exodus of pure banking from the UK to Ireland.