John Deasy (Waterford, Fine Gael) | Oireachtas source

I understand. Mr. John Moran, Secretary General, Department of Finance attends here quite regularly. In the early days of his job he was very overt and clear about where problems lay in the Department and where people did not talk to each other. He put together a simple system to make sure that people talk to each other and there are no gaps when organisations wish to deal with issues.

It is common knowledge that different organisations that were involved in finance in this country were not involved in communication, or at least not an appropriate level of communication. I mean by that whether it is the Central Bank talking to people in the Department of Finance and the regulator's office speaking to somebody in the Central Bank. My question is a general one. Has the regulator dealt with communications at all? It is a common perception that his predecessor was asleep at the wheel. The regulator's office must correct the communication gaps with other financial bodies working within government.