Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

Thank you very much. Just to clarify two issues there on Senator MacSharry's questioning to you, there was two items: there was your comment on page 4 of your witness statement about your proposals for regulatory intervention being put forward in 2006 and then later in page 6 of your statement about holding contrarian views to the groupthink on property lending and so forth. And you elaborated to some extent on those two questions, Mr. Horan. But maybe what I'd like you to do now is elaborate on the influence or the role of the Central Bank in terms of how they responded separately from that of the regulator's office.