Sean Barrett (Independent) | Oireachtas source

In regard to committees, we had a case where a person did not want to appear as a witness and the majority of the committee summoned him to appear and he did so. In terms of people's reluctance to appear as a witness, there is some case law which the professor might discuss afterwards.

He said the Government actively supported the market over an extended period against the fairly weak but clear opposition of the Department of Finance. We found the Department of Finance did not want compliance codes for directors, for instance, and that it was more interested in developing the IFSC than the prudential role. There are criticisms of the Department of Finance in regard to the lack of qualified people. I am not so sure its role was as good as the professor stated.