Mr. Liam O'Reilly:

In hindsight, I think, the regulator and it could be said it was part of the principles-based report, was too patient and too dependent on the board and that's who we were addressing at the end of the day, the board, to solve these problems, including the, the urge, if you like, of the stick of applying a sanction which was vehemently opposed by the institution. But, when I look back on it now, and I've seen what happened, it is a regret that I didn't just put a condition on the bank at that stage.