We have taken a pragmatic approach, but we continue to ensure that we operate to European norms of supervision and if regulatory requirements are not met, we will not grant an authorization. The level of authorisation activity has necessitated the Central Bank to make hard choices.
We have increased headcount, recruited heavily and re-allocated senior and experienced resources from other important tasks to ensure that we deliver effectively, efficiently, predictably and in a timely fashion. We continue to have to de-prioritise and defer other less high priority work to accommodate our work on Brexit.