Mr. Gabriel Makhlouf:

There are two questions there and I will answer the Deputy's second question first. In my previous roles, I did not have a direct role in competition. A part of my previous role was to make ensure the economy functioned well but other authorities were responsible for competition. I do not think there is a strong case for the Central Bank to take a role in promoting competition. We could do that If the Oireachtas wanted us to but I do not think there is a strong case for it. In fact, I think, on balance, that the more important thing is to make sure there is a strong competition authority in the State that can promote competition and allow the Central Bank to focus on making sure that the financial system is stable and works well.