Mr. Oliver Gilvarry:

Where it is determined there is a local area deficiency, the Central Bank will be able to impose such a requirement upon the designated entities. The criteria involved include the size of the population, the availability of alternative access to cash infrastructure, hours of availability, travel and demographics, the impact of financial inclusion and any other factors the bank may consider. The criteria are there, but the Deputy's point concerns whether there are gaps. The local area deficiency aspect is a crucially important pillar in this regard. It is a reinforcing pillar to ensure that if gaps are identified, the Central Bank will then have the power to direct in this regard.