Michael D'Arcy (Fine Gael) | Oireachtas source

Can I put it to you, Mr. Patterson, that the consolidated data was available per institution to IFSRA or the Financial Regulator's office, that consolidated data was not available per individual institution? The institutions themselves had their own data. And again I put this to Mr. O'Reilly this morning, that the ... you were the only body who had knowledge of the people who were at the highest end of the lending spectrum. And Mr. O'Reilly said that it wasn't until 2007, which is your era, that there was a realisation that some of these high lenders were ... lent to multiple financial institutions. Could you comment why that it was so late in the day that the Financial Regulator's office, it took them so long to find out that that was the case?