Michael D'Arcy (Fine Gael) | Oireachtas source

Professor Honohan used the term "let us not frighten the horses", which, from what I am told, appears to have been the intention. Was that not contrary to the oversight role of the Central Bank and Financial Regulator? Was the role of the Central Bank and Financial Regulator not exclusively to ensure that if the horses needed to be scared they would be scared?