Mr. Eoin O'Reilly:

That is certainly not something on which I am an expert but the Deputy's point is well made. We are starting to see the forming of the different regulatory approaches. We have seen the US, the EU and the UK approaches develop but we are not there yet in terms of global agreements, although there is a need for them. There are quite different philosophical approaches being taken in some countries, depending on their political dispositions. That is not going to be without its challenges, even though the Deputy's suggestion is a very good one.