Marc MacSharry (Fianna Fail) | Oireachtas source

I thank Dr. Bacon for taking the time to be with us today. With regard to the Central Bank, Dr. Bacon said in his testimony that it was "unclear what legal force the Central Bank can apply to determine what mortgage lending should be". Can he expand on that? Does he feel the Central Bank had any power at the time to determine how banks acted? What is his sense of that?