Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I welcome the witness and thank him for his opening statement. I am critical of that statement in a number of respects. First, he is endorsing the approach of the banks while being critical of the pace at which they roll out solutions. He has given an endorsement of the approach without the Central Bank's auditing of the target performance of the banks by the end of June being completed. That is the wrong approach, although Professor Honohan has argued that the correct approach is being taken-----