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

Okay. I want to ... I suppose a continuous thread from this morning and this afternoon is that you have presented, and I don't have any reason to doubt you, when you were Minister for Finance that you took a very hands-off approach in relation to prudential regulation matters, and that, you know, when the ... Senator O'Keeffe questioned on contracts for difference, that it was handed to officials. I can't remember whether you said the regulator or the Central Bank, and again when the systemic problem, which was discussed by Deputy McGrath and myself earlier, that ... it was dealt with by the domestic standing group. I would have been in the Oireachtas with you for a long time at that period. You would not have been known, and I don't mean this in any derogatory sense, as a Minister who was hands-off. Do you regret now, looking back, that you didn't, when these warnings were being raised, that you didn't take a more direct, hands-on approach? And would you change it, if you had that time back?