Ms Derville Rowland:

In our policy formulation we look first of all to make sure that any rules or approaches we take are in line with the European Union. Britain will be taking a different approach. The rules we make here in Ireland are based on what is happening in the Irish market. We also look at best practice that can inform us but our work has to be evidence-based and bespoke to our own market. We do not want to introduce rules here that have no effect or positive protective impact for our own markets but of course we look at best practice globally when we are looking at policy formulation.