Mr. Colm Kincaid:

As I mentioned earlier, the first issue is whether the company in Malta contravened any of the rules that apply in Malta under the EU framework. The penalties that would flow from that would be matters of Maltese law. The Malta regulator is currently conducting an investigation on a number of fronts, so we will see what will come from that. I am not conversant with what penalties will apply in Malta. As a matter for ourselves in Ireland, based on the conclusions of the investigations in Malta we would look to see if there is any follow up action by the Central Bank. Obviously wherever companies come to be authorised in Ireland, they have to go through our authorisation processes, our fitness and probity processes and so on.