Susan O'Keeffe (Labour) | Oireachtas source

You were at the Central Bank during the Ansbacher period, the National Irish, the Tony Taylor business. You were yourself when you were a director at Merrill Lynch you had ... there was a serious fine levied. So you would know about banks and financial institutions, if you like, getting into trouble, doing things wrong, breaking the rules. How then, with that level of knowledge, could ... could you have faith in the so-called principle-based system when you know and you knew every day that banks were breaching all kinds of regulations? I'm sure the Financial Regulator's office is stuffed with, you know, letters and correspondences about banks breaching regulations. How could you, in all conscience, allow that to be the system it was run by?