Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Ms Hunt has also said that she and many others would have relied on the assertions of the authorities in terms of the health of the banking system. For example, she said, "we believed that the Irish banks were well funded and appropriately regulated and that borrowers were being sufficiently stress-tested". Is that just a broad assumption that was made by perhaps Ms Hunt and many others at the time whose job was not to get into the details of those issues but to take note of what the authorities were saying. Is that what she means by that?