Ms Derville Rowland:

The enforcement outcome is the conclusion of a meticulous enforcement investigation that runs in parallel to inclusive supervision. The Central Bank of Ireland cannot usually comment on our actions in supervision but because Davy themselves have publicly confirmed that significant changes have already happened in terms of their own actions, in terms of governance, risk management, addressing these issues, I can tell for the Deputy that the Central Bank of Ireland it is not by an accident that those issues have occurred. As is usual in supervision, we demand that these matters are addressed and I cannot get into detail around specifics more than that. In fact, we have provided a significant amount of detail about this case in the course of this focused series of questions. I am happy to confirm that this is a high priority for us. It is a dynamic regulatory context. We have put out only last week the details and supervision is intrusive.