Mr. Ed Sibley:

On the second question, we are very mindful of that risk. There are benefits to having industry experience come into the bank. There are also benefits of regulatory and supervisory experience going into industry.

As the Deputy points out, however, there are also risks.

The more senior one is in the Central Bank, the longer the notice period one has to give. Typically, when someone at a senior level gives notice of his or her intention to leave, he or she will be taken off any work that would in any way give rise to a conflict of interests. He or she must also work out his or her notice in other areas of the business. We try to guard against the risk the Deputy spoke about while recognising that there are some benefits. As he stated, Ireland is a small country and it is likely that people will move from-----