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

I have a final question. Professor Lane spoke earlier about the issue of a central credit register and the fact that one was lacking. First, if we had had a central credit register what role could it have played in terms of improving the bank's ability to make proper lending decisions and also protecting borrowers in cases during the period when losses were being built up in the system? Second, does it surprise Professor Lane that six years out from the epicentre of the crisis we still do not have a central credit register?