Mr. Liam O'Reilly:

Well, just with the proviso that I did ... I was conscious of the fact that there was a need for sanctions and there was a need for sanctions to be applied quickly. Now I don't know what constraints Mr. Neary was put under but certainly there seemed to have been some sort of putting on the long finger of doing consumer legislation before prudential. But, if I had been there ... but it's very easy to second guess at this stage, hindsight, but I would've hoped that I would've been pushing for the implementation of administrative sanctions for prudential supervision.