Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

But, Mr. Neary, where in the principles-based regulation does it say that the regulator should not move "decisively and effectively ... against banks with governance issues"? Where does it say that the regulator should be "excessively deferential and accommodating", that the regulator should be "insufficiently challenging"? Where does it say the regulator should "not [be] persistent enough"? Where does it say that in the principles-based regulation?