Professor Patrick Honohan:

Members will be aware of the environment in which we work on these things. I have some figures. Of the 12 most senior staff members in the bank, none were at that grade in 2008 and only five were in the organisation in 2008. There has been extensive change and many retirements. A lot of people are not in previous roles and a lot of people have learned lessons. My goal in organising the organisation is to achieve a functioning organisation that delivers what the Oireachtas and the people of Ireland want.