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

Finally ... and what I propose we might just take a five-minute break at that stage and then we can return as we've a busy schedule, but I just need to maybe call a short break. Finally, to yourself, Mr. Dunne, the IDA publication "Winning direct" ... or, sorry, "Winning Foreign Direct Investment 2015-2019" states "A critical element of IDA Ireland's new strategy will be a continued strong focus [of the international] key sectors of [financial services]" and so forth. Just in the last paragraph there ... this is actually the document itself, page 2 of it, the very last paragraph says:

As a result Ireland's challenge is to be strategic and central to business development plans. Strategic to international companies who are often under huge pressure from shareholders and more generally financial markets. Fortunately, Ireland has remained central to leading global corporates for many decades. IDA Ireland's aim in this strategy, is to ensure that Ireland continues to be one of the most developed, ambitious and welcoming locations in the world for our existing and new clients and a highly supportive environment for future growth.

Mr. Dunne, during your tenure at the IDA, how important was Ireland principle-based or light-touch regulation, as it has been alternatively referred to ... that regime, how ... how often was that used and how much was it a basis, as a marketing tool, to attract financial services from ... for foreign direct investment to Ireland in the financial markets?