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

Okay, thank you. I want to turn to the Tánaiste now, I only have about four minutes remaining.

Tánaiste, in your witness statement, under the heading of "The policy failures that propagated the crisis", you were referring to the period following the adoption of the euro and up to mid-2007 and you stated that, "A more proactive regulator would have responded to these developments by taking action to slow [the] growth in credit and to prevent banks from lending beyond safe limits." Did you, in your time as Labour finance spokesperson, request that any specific actions be taken along those lines?