Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Which is the accurate version? Was it Government policy to have a non-intrusive regulatory environment? This is important. It is mentioned in your report and in other reports that the regulation that was applied to the IFSC had to be applied to other banks. So, for example, as I mentioned, the DEPFA Bill as it is colloquially called, or the Asset Covered Securities Act, which was amended in 2007, had to be applied to all other banks even though it was not envisaged for all other banks originally. Was it Government policy to have non-intrusive regulation?