Professor Gregory Connor:

If one looks at the figures, one notes that the domestic banking sector was growing excessively fast. They were all growing too much. Anglo Irish Bank, as Professor Honohan has stated in several papers, was growing massively too fast, as was Irish Nationwide. Professor Honohan gives some numbers and says this should have been obvious to any trained regulator. They were all growing. The figure that Professor Lane produced is the proportion of market share. There was a growing pie but Anglo was growing so fast that it was taking a larger slice of that growing pie.