Mr. Niall Byrne:

I cannot answer here and now on Limerick, unfortunately, but I will follow up on it after the meeting. Our commitment is to be the effective regulator, which means having a timely response. I do not want to be critical in circumstances where I do not necessarily have all the information, not having been with the RTB at the time this originally came to the board. Some of this is complex and takes time and there have been many other pressures on the RTB in recent years. That is not an excuse or to say we do not take it seriously but to reflect realities.

My commitment is to make sure the RTB is the effective regulator and that means being timely and rigorous in our response and not being seen to tolerate non-compliance. I do not think the RTB has tolerated non-compliance but if the public thinks it has, that is not a good situation so it is important to demonstrate through our actions that we are a timely, effective and relevant regulator.