Seán Sherlock (Cork East, Labour)
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I will lighten the load somewhat for Mr. Mallon. I ask Mr. Mallon to give the perspective of Ulster Bank and that of its parent on Brexit from a macroeconomic viewpoint. He spoke about some headwinds coming down the track regarding Brexit. He spoke about Ulster Bank's strategic position vis-à-visthe parent company, which has inoculated it, for want of a better word.

This committee and the Houses in general are trying to get as many perspectives as possible on the outworkings of Brexit. It would be interesting to get Mr. Mallon's perspective on the significance of Brexit. I do not necessarily expect him to go into the political realm, but there are the permutations of the triggering of Article 50 and the permutations of a hard Brexit. Is Ulster Bank doing any forward planning for a hard Brexit or a soft Brexit with access to the European market?