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

Okay. Okay. Just finally, I just want you to comment upon the adequacy of loan loss provisions and capital adequacy positions of the Irish financial institutions up to 2008. What we see here is the annual report of the, its going to come up on the screens any second now, its the ... it's the Governor's foreword. And down in the corner of the page it says, the financial crisis was of course inspected like others, but it goes on to say then:

However, Irish banks [were negligible] have negligible exposure to the sub-prime sector and they remain relatively healthy by the standard measures of capital, profitability and asset quality. This has been confirmed by the stress testing exercises [that] we have carried out by the banks.

Can you talk about your role in all of that? Why would the ... what were you doing that would have made the Governor actually make that statement?