Sean Barrett (Independent) | Oireachtas source

And the controls didn't work. Let's go to loan-to-deposit ratio. It was 211 when it should have been 120. And you said that this was excusable because Royal Bank of Scotland was a sophisticated group with a strong governance culture. I don't think anybody in the United Kingdom believes that of the Royal Bank of Scotland. Record losses ... a bailout by the British Government and a chief executive who was deprived of his knighthood.