Professor Patrick Honohan:

No it's ... when I say it is the deciders for each ... the deciders in our individual institutions, so that's very important. It has no collective decision-making power. Obviously, the Secretary General is answerable to the Minister, so we share views and we say "Why don't you do this?" and "Okay, but I'll do it under my own authority" and we're not ... we don't actually ... it's not a unitary decision-making body, no.