Mr. Ed Sibley:

I agree with the Deputy that there is a high degree of concentration in the industry. As I have referred to a couple of times, our aspiration is for the banking system and the key markets within it, including the mortgage market, to function better than they do today. Competition can play a role here. We are not the Competition and Consumer Protection Commission, so there is a limit to our direct responsibilities but, as I have touched on, the overall functioning is important to us and part of our aspiration. As to how we go directly at this issue, we think about what the underlying issues are and about the underlying cases of dysfunction, to the extent that it is there, and we recognise that barriers to entry to deliver banking services to Irish customers are, for European banks, incredibly low. If one is operating within the EU today-----