Ms Elaine Byrne:

May I also add a point? It goes back to the report on the commission on credit unions when it was considering illustrative asset bands in the tiered regulation concept. In that report there was a table on savings that gave an indication of the way that could look in a tiering context. Limits in savings were proposed there. For the very small credit unions a maximum of €50,000, for the majority of credit unions, that would be in €10 million to €100 million, a limit was specified of a lower percentage of assets or a €100,000 maximum. It was only for those credit unions over €100 million that there was any concept of savings being at a higher amount. That was very much envisaged for the majority of credit union compilation, a €100,000 so there was a basis where it had been referred to in that external context.