Professor Patrick Honohan:

But, well, there are these international standards. We've been assessed against them again. We have the ... you saw the - and it's in the documents - the latest FSAP report on ... or not FSAP, but the IMF's ROSC on banking, they found four things that they wanted us to fix, including more independence for the Central Bank, by the way. Whatever. So we are constantly being assessed and reviewed against best practice but there's nothing to compare with common sense and making sure that you understand what you know and what you don't know.