Sean Barrett (Independent) | Oireachtas source

Well, in that sense, would we replace the CAMEL by an Irish wolfhound who would look at things like loans-to-deposit, sectoral concentration, loan-to-value, and that principles-based regulation without a statutory basis and without sanctions does not work, and that this wolfhound would bark and bite as distinct from the five-level CAMEL, which has got us into this situation?