Ms Mary Burke:

I wouldn't have characterised any of it necessarily as gambling, Deputy. I certainly would not favour that sort of a system. I think we ... because you'd never know the contagion effects by the free range, as you've described them yourself, and where the connections may come with industry. I think that was probably part of the problem with securitisations etc., in the lead-up to the crisis. I do think, however, we do, to some degree, have various levels of oversight now in terms of banks. I wouldn't describe it as two tiers, but you do have the SSM in Frankfurt supervising the systemically important banks in each jurisdiction, and what are called the LSIs ... the less significant banks, actually, sorry, is the terminology, are supervised at a more local level, with oversight by the ECB. And so long as Ireland is within the EU, and more particularly with the euro, that regime will continue to apply.