Mr. Derek Moran:

I ask the Deputy to bear with me. There was push-back from IBRC. It was mentioned in the minute of the meeting with the Minister that the Department kept asking all these questions and that a better structure was needed. There was that. At the end of the day, the whole purpose of the shareholder management unit was to shadow, follow and question the operations of the financial institutions it was looking after. I do not accept that it was passive. Could it have been better? "Yes" is the answer.