Ms Mary Burke:

I am taking comfort in respect of my reference to '06 from the fact that that was a reference to Governor Honohan's assessment and I think Professor Nyberg probably had ... or Mr. Nyberg had similar themes. I think the time to do something would have been in the early 2000s. You might've been able to do something up to 2005 but even then, I think, it probably would have been late in the day. In terms of ... as a regulatory regime, leaving aside what we might have done, as country, in tax policy or promotion of building ... I think we could've probably imposed more rigorous standards in terms of lending ... but even ... and possibly LTVs, LTIs along the lines we have. The ... we were working within a European framework that set out limits for large exposures, etc., to individuals and we were endeavouring not to be super equivalent to that. I haven't sat down and thought through, Deputy - in terms of my recollections and ifs, buts and maybes on what might have happened over my time there ... I haven't sat down to think through, in detail, what I might have done. I can only deal with the reality of what was there.