Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

Okay. There has been some discussion with other witnesses before this committee that because of the development of the IFSC, that ... and the particular type of financial product that they brought with them, and you mentioned then the sectoral concentration limits as being one of them, was there a, kind of ... I'm coming back to Senator D'Arcy's question earlier, that we had the principle-based regulation on a global level, but we seemed to, in Ireland, to have maybe applied it differently or had a different interpretation of it, or how it was actually seen to have been modelled in a different way. By your view, and by what you now know, do you believe that the IFSC had any impact, or other, in determining how principles-based regulation was operated in Ireland in the wider financial-----