Gerald Nash (Louth, Labour) | Oireachtas source

That is realistic and it is why I am attracted to the idea of a task force. There is one missing body in the Central Bank's engagement on this. It has had round-table discussions with the CEOs, but it ought to have included representatives of the workers in the bank, who know best what is required. It should do that now.

My final question relates to the references Mr. O'Connell made to the future of retail banking. It is welcome that there is now a process in place that will look at the future of retail banking. It might not be as extensive as the kind of banking forum that people, including me, originally proposed. Nevertheless, it is a very useful and important exercise and something the FSU has, rightly, for a number of years been calling for. There will now be a banking duopoly in Ireland, with a challenger bank in Permanent TSB that has some capacity to get some more market share and be more important to the overall economy. My remaining time is limited and our guests may elaborate on this later when my colleagues make observations and put their questions to them. At a high level, how should the future of retail banking in this country look?