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

Okay. And Governor, in terms of further legislation in relation to financial institutions, do you think that more powers are needed to respond to irregularities and to, let's put it frankly, potential so-called white collar crime in the financial area? And in that regard, what do you think of the United Kingdom senior managers regime, which will include the threat of a criminal conviction for senior executives and directors of financial institutions which fail? And you may have seen a week or two ago that the governor of the Bank of England, Mr. Carney, called for very strict punishment, if I am not mistaken imprisonment, for people who act fraudulently or recklessly from the interests of ordinary people in the financial services. What is your view?