It is accepted that, notwithstanding the very negative impacts of Brexit, one potential opportunity for Ireland was in the area of financial services, particularly relocation from the United Kingdom for companies which would wish to stay in the EU. I know the enterprise section of the programme for Government is very strong on the support of financial services. The Taoiseach will have noted the coverage in The Financial Times recently to the effect that Dublin will not attract as many jobs from the financial sector in London as it could because of the lack of infrastructure and regulatory capacity. That is a worrying comment on the attractiveness of Ireland in terms of financial services.

Nine months have passed since the Brexit result and we still have not addressed some of the concrete issues by which we could actually benefit from the EU in terms of making sure that we attract such business. The Minister of State at the Department of Finance, Deputy Eoghan Murphy, has complained about regulatory arbitrage and that other cities are being more aggressive in trying to win business and perhaps moving regulatory considerations to one side. The important point is, what does the Taoiseach intend to do to counteract this negative profiling of our capacity to attract further financial services into the country because of the infrastructure and regulatory capacity issues?

This is not so much about legislation as about activity that is taking place. Today on Bloomberg's "Brexit Bulletin" Dublin is ranked first in respect of 15 cities analysed for conditions for transfer of jobs. I note the comments from some senior chief executives of very big financial houses saying they are going to move. They are not all saying that they are going to come to Dublin but I can confirm that we have met with a number of people over the last three months who are examining Dublin in competition with other countries and other capitals very favourably.

The Central Bank has had quite extensive engagement with banking and financial houses which wish to relocate different sectors of their businesses from London to other locations. Ireland is being considered very favourably in that regard. The Central Bank is the regulator and, as the Deputy knows, the European Central Bank also provides personnel in terms of regulations and licences that might be involved. There is much activity, some of which I cannot discuss publicly. I expect that favourable decisions will be made for us.

Businesses want to locate in a country which is in the Single Market, where the English language is spoken, which has had 40 years or more of engagement with the European Union and which has connectivity between London and Dublin, the second busiest route in the world. Most important is the access to a continuous stream of talent. I will provide the Deputy with further facts at a later stage.