Sean Barrett (Independent) | Oireachtas source

Thank you, and welcome back, Mr. Cardiff. The ... when you said ... when you were here last week, you said, on page 36 of your evidence, "the actual supervision system they were working within wasn't designed that way ... because the political system ... had decided they wanted a different supervision system and ... they imposed that model". Given that the Department of Finance had ultimate responsibility for financial regulatory legislation, can you explain the suggestion that the political system imposed a model of regulatory supervision?