Mr. Neil McDonnell:

The issue is that our SMEs, unlike our European neighbours, are vastly overdependent on a very small number of banks. This issue is not really going to get sorted unless there are further routes, unless our credit unions, post offices and so on take over some of the functions of small banks. We could even go back to an Industrial Credit Company, ICC and Agricultural Credit Company, ACC, model where we have the SBCI lending directly. We just need more capacity in the market.