Mr. Patrick Neary:

Which ... I suppose, if I understand you correctly, Senator, the question is did this structure that eventually emerged ... was that a factor in what happened? I don't think you can blame the structure for that, I think the approach that was adopted by the authority was inherited from the Central Bank which was a principles-led approach and continued in the same vein. And it's likely that if there was a separate agency that may have, that agency may have also done the same. I don't know that, I had no involvement whatsoever in any of these arguments and happened way before I was appointed any senior position in the regulator.