Mr. Pat Lardner:

I suspect it may be above the European average, but that does not mean that we are growing in isolation from the fact that markets in general are growing.

I would like to respond to the second question the Deputy asked, concerning the types of risk that exist. We are talking about deploying money into risk capital markets. Clearly, there is risk involved. However, to be clear, the risks that exist here are not the type of risks that exist within the banking sector, because the money here is not sitting on the balance sheet of an entity. It is held in trust separately, for clients, under rules around deposits and oversight of that money. That is not to say there is not investment risk in those monies. There is clearly investment risk. However, on the point raised by the Department of Finance officials about investment disclosure, etc., those are all parts of European regulation. I would not want in any way to characterise the types of risks that might be perceived around the banking industry-----