We have approved an expansion in the regulatory staff in the Central Bank to ensure we have the resources to both authorise and supervise new entrants or changes to existing firms. We have put in processes that are transparent, predictable and consistent. Firms that are engaging with us will find us open, engaged and pragmatic.
It also has been seeing a recovery trend in business sentiment and industrial production resulting from an improvement in exports and corporate profits due to the depreciation of the euro.