Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

The memorandum of understanding also talks about the regulator's responsibility in this regard as well in terms of prudential supervision, but they are not here. You are, today. You had that power. The question I would ask, because it goes on to say, "In this context, the Governor and/or the Board's objective is to identify developments which could endanger the stability of the system as a whole." So in that period where you never used that power that you had in terms of micro-prudential analysis of the financial institutions, were you not aware of any developments which could endanger the stability of the system as a whole that would have prompted you to look closer in relation to micro-prudential stability?