Ms Clare McNamara:

We could waste a lot of time making all the necessary changes to the financial services ombudsman legislation at this point, but that ombudsman may never apply to be a qualified entity. It is very hard for us to pre-empt what may or may not happen next year once the application process is open because we have no indication as to whether the bodies the Deputy has named would be interested in being a qualified entity or not. We cannot start changing legislation that is completely outside the remit of this Department in advance of a potential application from a regulator that may never apply. That is not something we can do at this point.

We have chosen an opt-in option only, not the opt-out.

The Deputy asked about other successes. I will ask my colleague, Ms McGrath, to respond on that.