Ms Mary Burke:

Okay. I should say when I refer to the standards, I mean those particular ... that particular document called the "Licensing Standards and Requirements" or the other way around, that was not in itself enforceable under our administrative sanctions procedure. It could, with some work and probably some considerable rewriting, have been put in an enforceable position but it wasn't at that time. It was not imposed as a condition, for example, on banks' licences nor was it issued under any statutory power. Had IFSRA or the bank before it wanted to put some of those requirements and standards on an enforceable footing, I don't believe it would have been necessary to come to the Oireachtas to seek a legislative change.