Mr. Niall Cody:

We have to look at the different legal systems. From my reading of the newspapers, Belgium has asked investigating magistrates to pursue an investigation of HSBC but this is a big step away from criminal prosecution or a charge. I read in a newspaper about countries which have successfully prosecuted tax evaders for HSBC, but from my knowledge two countries have successfully prosecuted cases for HSBC-linked tax evasion, which are the UK with one and Ireland with three.