Cormac Devlin (Dún Laoghaire, Fianna Fail)
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We did not have a lot of time for the question on the new financial service providers. The witnesses were getting into the issue about new service providers entering the market. Some of them do not have the capital requirement that regular, historical banks do. There is a change in the market. Could the witnesses elaborate on that?

The second question I had was about the revised regulatory environment and oversight since 2008. The witnesses had also been getting into that and had said both questions were quite broad. So, there is a little more time. If we have enough time I will go to a third question.