Joe Higgins (Dublin West, Socialist Party) | Oireachtas source

Amazon's advertisement for Mr. Carswell's 2006 book, Something Rotten: Irish Banking Scandals, states the following:

Ireland has tolerated a culture of poor standards and weak regulation in its financial services sector ... A tradition of silence and evasion prevailed. Driven by an insatiable hunger for profits, some bankers had taken huge risks. But whistleblowers were unwilling to remain silent, and they revealed the murky details, exposing sinister banking practices.

Considering what was known in the early 2000s about these scandals and what was in the public domain, would Mr. Carswell have expected the regulatory and political authorities to be far more alert to what could develop in the banking system with the property bubble in the making? Does it look like they learned, or did not learn, from scandals such as this?