Joan Burton (Dublin West, Labour) | Oireachtas source

Well, as I said earlier, Northern Rock in autumn of 2007 was a warning shot for Ireland. From the evidence I've heard, I think the Department of Finance, perhaps the politicians in government then, the people in Finance were perhaps aware of it or alerted to a potential very serious risk. Regulation which would have addressed some of the consumer protection issues, a bigger guarantee on deposits to prevent a run on the banks, that actually did happen. I recommended that at that time.