Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

But apart ... just on the very short question Mr. McCreevy, was there an expectation when the architecture of legislation was being put in place, we were going to have this very elaborate structure, with two big pillars there; one dealing with regulation, and as you said earlier in your discussions, to be examining consumer affairs matters and consumer protection; Central Bank dealing with stability and the macroeconomics. Was there an expectation, when you were putting this architecture together that the Governor would, at some stage if required, invoke his rights under the memorandum of understanding?