Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

As you are probably aware, if you are following the inquiry - it is clear from your testimony that you are - the inquiry will move into the property, State and finance nexus quite soon and it will look at the relationships between finance, property and the political and State institutional worlds. With that in mind, in that paper I mentioned, the following point is made: "Another source of regulatory imprudence in Ireland was the long and close relationship between the Fianna Fáil political party (the dominant party in coalition governments during most of the pre-crisis period) and the Irish property development industry." You touched on this in regard to Deputy Murphy's question. Could you briefly explain to us what you meant by that statement, what you mean by regulatory imprudence and how this is linked with the long and close relationship between Fianna Fáil and Irish property development industry?