Mr. Gabriel Makhlouf:

We have dedicated resources working on this already. We have had discussions with senior people at the exporting and receiving banks. Everybody in the Central Bank and the other institutions are fully aware of the importance of getting this right and of the sorts of risks the Deputy mentioned. I would not say that everybody is ready by any stretch of the imagination, so I confirm what Mr. Kincaid said to the Deputy. What I can also say is that we are fully engaged with the institutions on this. To be fair, they are fully aware of the scale of the challenge they have and they know their obligations. We have dedicated resources on what is a very significant moment for financial services in Ireland, that is for sure.