Susan O'Keeffe (Labour) | Oireachtas source

In response to Senator Barrett's query about the fact that there were three people in the Financial Regulator's office that were responsible for AIB and Bank of Ireland, you said that was a function of the sort of principles-based approach. Now, we've heard Bank of Ireland and AIB in here saying that they would have had roughly 200 people each involved in their audit teams, yet here we were with the core of the two biggest banks with three people ... three people responsible for both of the banks' supervision. I appreciate it's the Financial Regulator's office; I just wondered whether you were concerned or is it ... could you not have known that that was the case?