Colm Burke (Cork North Central, Fine Gael) | Oireachtas source

On the point about reaching agreement on claim amounts, actuaries are brought in to see what is required in a particular case to support the plaintiff. There is a calculation of life expectancy and how much he or she will require per year. Does Mr. Breen agree we are facing a problem now in regard to compensation because any legal practice that has more than €1 million in its current account will be charged a penalty of 0.5% by its bank? A solicitor's client account would have quite a lot of money in it because funds are coming in for the purchase of houses, for instance, and the administration of estates that are awaiting tax clearance before the moneys can be distributed. In a situation where money is paid out in, say, an infant case, how can that now be managed? The funds obviously have to be invested wisely and there are restrictions on where they can be invested. Will there now be an added cost in the form of the penalties being imposed by the banks?