Caoimhghín Ó Caoláin (Cavan-Monaghan, Sinn Fein)
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I seek further clarification on the application for authorisation to the Central Bank. Will Mr. Downey explain the position on VHI's readiness for authorisation which is being assessed by the Central Bank? To what does it relate? Does it relate to VHI's ability to continue its core business? The clarification I am seeking is necessary. If this matter relates to core business, what is the distinction between being authorised and not being authorised if VHI is continuing to carry out its functions? There is something missing in this regard and perhaps Mr. Downey might provide the relevant information.