Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Sure. Because your written statement in section 1.2, which starts on page 3, it makes a number of points about powers, that you didn't have ... that the regulator, sorry, didn't have the power, for example, to disapprove of specific products like 100% mortgages. You make the point about foreign banks which are passported in here and you didn't ... the regulator didn't want to disadvantage Irish banks through the regulatory approach. You talk about the delays in the administrative sanction regime coming online, as such. And then at the very end, in your conclusion, you refer to "constrained powers". So are you revising those points?