Charlie McConalogue (Donegal, Fianna Fail)
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I thank Deputy Fitzmaurice, I will respond at the outset and will then ask Mr. Greally to respond.

The approach being taken here is very much informed by reports we have commissioned from outside expert advice through Grant Thornton on what an appropriate compensation scheme would be and to also take on board what has happened previously internationally because there have been significant similar moves taken across Europe over the past number of years and this is very much the direction of travel. There are significant learnings here which we have been informed of through these reports. I will pass to Mr. Greally to deal with the substance of the question.