As the Deputy is aware, KBC bank has recently availed of the customer mobility measures included in the Bank of Ireland Restructuring Plan as agreed with the European Commission. This is the first, and to date the single, instance of an institution availing of these measures.
The Deputy will appreciate that the purpose of these measures is to enhance the competitiveness of the banking sector to the ultimate benefit of the consumer, and accordingly it is welcomed. Given that the move by KBC is so recent, it is not possible for me to comment on its effectiveness. Although it may be surprising that no other institution has availed of these measure prior to this, it is likely that the market will monitor the KBC move and will consider availing of the measures based on its success.