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

Thank you, Chair. You're very welcome, Ms O'Dea. Can I start by asking, prior to 2008 the regulator had proposed a number of initiatives to impose more explicit requirements on banks such as directors' compliance statements, corporate governance guidelines and fit and proper requirements. What was your view of these initiatives, and can you describe the circumstances in which the board chose not to implement the original proposals for these initiatives?