Mr. Oliver Gilvarry:

The Central Bank and the Department are working together on this closely. The Central Bank provides technical advice. As it has said, it has the expertise on the ground concerning the supervisory function and what these changes do. It attends the Council working parties with us. As the file progresses, we will continue to work closely, get advice from the bank and take that on board as we are making policy decisions on the way to go in this area.