Mr. Niall Cody:

Clearly, the headquarters of HSBC are in the United Kingdom. Having watched HSBC representatives being cross-examined by the United Kingdom's Public Accounts Committee and Treasury Committee, the bank has appeared twice already and I imagine the committees are not finished with it, I do not know whether they would add particularly much if they talked about what happened in respect of Irish individuals. As I stated earlier, we can clearly see that HSBC Switzerland was not a destination of choice for Irish offshore tax evaders.