Pearse Doherty (Donegal South West, Sinn Fein)
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I have two questions and I will try to be brief. The registry previously stated that the credit unions would need up to €500 million, which, obviously, frightened members at the time. It turns out that only €20 million was required and has been drawn down. Does the registrar regret using that figure and how was it got so wrong? Does the registrar also believe that the money in ReBo could be used to invest in the sector? With the indulgence of the Chair, I have a final question on the capital requirements that the registrar is requiring of credit unions.