Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Mr. Ahern, you travelled to America in 2007, on 14 March ... at a breakfast meeting with the Financial Services Industry, over in New York. And at that, you were accompanied by the Financial Regulator, and in your address to them, you say, "International benchmarking studies show that Ireland is very lightly regulated compared to most of our European colleagues." You were telling the financial services sector in New York to come and invest in Ireland, and as I quote, you were saying that Ireland is "very lightly regulated."