Mr. Murray McCarter:

As regards the Deputy's question, as I indicated to Deputy Connaughton, we did meet with Deputy O’Donovan’s brother on the proposal. We would welcome any opportunity for synergies from within the An Post and credit union networks. It is fair to say the proposal was at an early stage and therefore we did say that when it is further along the line there would be an opportunity to meet with us again to consider progress. Within the proposal a number of stakeholders was identified and the proposers wanted to discuss the matter with all concerned. We are keen to get feedback once the discussions have taken place. One party was the Central Bank. We referred the proposers to the Central Bank as well because the proposal would require both regulatory and supervisory assistance in that regard.