Eoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source

100% mortgages was wrong. Thank you. Concerns were expressed by the Financial Regulator in ... as early as July 2003, before you were at the bank, and the reference is BOI - B1, page 67. They did an examination and the examination raises questions about the maintenance of lending standards in your institution and about your ongoing monitoring, management and control of risk in relation to residential mortgage credit. Can you explain to me how the Financial Regulator can express a concern like that following an examination and then, in 2004 and 2005, the bank might continue to actually relax its policies and standards in relation to mortgage lending?