Professor Patrick Honohan:

Look, I think the ... it wasn't mentioned so much here today, I do think and it's something Morgan Kelly did criticise, I think we didn't ... the first stress test in March 2010, I think ... I think that wasn't done as effectively as I would have liked. I think the consequences weren't very severe but it was a type of mistake which I knew could be made and I made it. So, that's a pity. A lot of other things I would have done slightly differently but which are, I think tactical errors but not strategic errors. So, I don't think I set things in the wrong direction, which is very important because I think some other countries went very badly wrong.