Marc MacSharry (Fianna Fail) | Oireachtas source

Thanks very much and welcome, Mr. Horan, and thanks for being here. In your written statement you mention your proposals for regulatory intervention were put forward in 2006. You also say that concerns at the Central Bank senior management levels about the impact, the potential impact of it. And it also mentions the desire to temper what was perceived as the appetite for heavy intervention, that's a quote from page 4 of the statement. Your proposal for regulatory intervention was met with significant concerns, you say, from the senior management of the Central Bank. Was this level of intervention, in your operation as a financial regulator, normal?