Marc MacSharry (Fianna Fail) | Oireachtas source

Okay. So, is the practice ... or the practice at that time of the Governor of the Central Bank always being a former director general, is it in any way flawed do you think, or not, on the basis that the ... the Secretary General is very much an advisory role, whereas heading a Central Bank needs ... to act, to be decisive, to take decisions ... under the '71 Act, albeit your interpretation was not to issue the kind of guidelines ... as some of the rest may interpret from the Honohan letter ... but did that hamper your ability to do that? In essence, were you qualified enough to do the job with the benefit of hindsight?