Mr. Lorcan O'Connor:

An application for bankruptcy is done through the courts system. Once the application has been made, the financial affairs of the person declared bankrupt are vested with the official signee. The courts Bill that is before the Oireachtas and will be taken by the Seanad tomorrow contains provisions for the transfer of the office of the official signee to the ISI. I welcome the move for a couple of reasons. First, there is a natural fit in terms of what we are doing under these new arrangements and what the official signee does on the bankruptcy side. We can also work efficiently together. For example, if it transpires that there are more bankruptcy cases with these new arrangements, we can move staff to the official signee side of the house and vice versa. We can focus resources where demand is the greatest.