Joe Higgins (Dublin West, Socialist Party) | Oireachtas source

Yes. Mr. Moran, in 2005, when you were assistant secretary for the budget and economic division in the Department of Finance, the Department of the environment expressed concerns at the effect of the introduction of 100% mortgages, indicating that it could give rise to serious indebtedness of households. And in response, the Department of Finance adopted the position this was a consumer matter, rather than a macro-financial stability one.

Were you involved in preparing that response and on what basis was that conclusion arrived at?