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

And by your familiarity ... we've had this discussion here as well - I think it was with Mr. Roux from the Central Bank when he was before us recently - where it was discussed that principles-based regulation was a global principle - it wasn't something that was unique to any geographical location in Europe or worldwide. In, kind of, sporting parlance, there was a code for playing football and this was how the game was going to be played on the international stage. However, Ireland's end result of the principles-based regulations process is unique in lots and lots of ways. Was there a time when, to your knowledge, that the presentation of Ireland's interpretation of principles-based regulation ... that there was a different type of interpretation from Ireland if you come here that you will get anywhere else in the developed world?