John Paul Phelan (Carlow-Kilkenny, Fine Gael) | Oireachtas source

A few notes just as you were coming to the end of your opening comments there where you stated that the bank's board should follow the money and large profits would signify greater risk. When did you come to that position in light of the fact that large profits existed in financial institutions, particularly in some forms of the financial institutions, in the period in which you were working in the regulator? Did you change your view to that being a new position for you or is that ... was that always a position that you held?