Sean Barrett (Independent) | Oireachtas source

You say, on your summary 2.9, "The regulator was operating a system of principles-based regulation which was internationally accepted as best practice at the time." I think you've already answered that with my colleague, Senator D'Arcy. Whatever version we were applying, at a 40% of GDP fiscal adjustment costs to pay for banks, I mean nobody else was doing that except Iceland, and you mentioned Germany, so did we take ... and I would put forward Canada, which is in the World Economic Forum ratings of financial stability and banking stability - it has won it outright for the last seven years - but were no other models except what seemed like a wrong interpretation of ... in Ireland ... ever considered by your board?