Professor Gregory Connor:

Their proportion was shrinking. Let us pick on AIB for example. AIB was saying, and this is why it went to John FitzGerald, "We are growing too fast but our shareholders and senior managers are saying we are not growing fast enough". It is both of those. They were being pulled but they should have known they were going too fast. It is both of those. They were being pulled but they should have realised. Even the laggards should have realised that this was too much.