John Paul Phelan (Carlow-Kilkenny, Fine Gael) | Oireachtas source

Thank you, Chairman. Good afternoon, Governor. I have a few ones at the start, kind of, like questions that you might have set yourself, maybe, in a previous life. I'd ask you to discuss ... there's a quote from Vol. 1 of the core documents, it's an IMF survey, 19 December 2013, "Ireland's Economy Back from the Brink, But Continued Progress Needed". The quote I want to put to you is this ... you needn't even find it, I'll put it to you, "And on the financial side, regulation and supervision, which were deficient in the run-up to the crisis, have been revamped." Discuss briefly.