Professor David Farrell:

The tenor of my remarks, in fairness, are much more focused on the period leading up to the banking crisis rather than the onset of the crisis itself. In the frenetic period around the time of the guarantee, it is very hard to post-hoc try to suggest what might have done otherwise.

However, in terms of the long process, particularly in the period between 2006 and 2008 leading up to it, my remarks are focused on whether the Oireachtas might have performed better than it did. I am suggesting it did not perform well enough.