Mr. David Doyle:

The Central Bank would have been largely reliant on the view of the banks and the Financial Regulator. You had people doing their stability report who said there are risks, but there's no fundamental issues arising, and there's no threat to financial stability. So the Department didn't, on foot of that, take action. What it did do in relation to the brief the Department had on the fiscal front was to urge caution and moderation on spending and taxation.