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

Yes, but Mr. Beausang, earlier in your statement, in 5.9 you talk about being, "cognisant of a broad range of factors which appeared to provide substantial assurance over the period that the supervisory and prudential system was operating effectively." And then you go on to 5.9.1, right down as far as 5.12, this is the area of cognisance that you actually have. You also are on record here as saying that systemic risk was the issue in the room. And you demonstrate here, as Deputy Higgins has shown, an issue of concern with the credit unions. You get an analysis on it and you take action. But the-----