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

Okay. I then want to turn to another quote from your opening statement and I think ... seem to have lost what page it was on, but I'll read it to you. You said that "The authority was very conscious that if [...] the capital requirements of Irish banks were pushed too high, foreign banks which could move beyond our supervisory reach could [...] have gained advantage over their Irish competitors." Did you see your role, and the role of the regulator, therefore, as more protecting the interests of Irish banks, rather than regulating their operation?