Richard Bruton (Dublin North Central, Fine Gael) | Oireachtas source

No. I mean, I played no such role in opposition. I mean, I was not part of any promotion of the IFSC - good, bad or indifferent. I mean, I think, to be fair though, the regulatory failures were not in respect of the international financial institutions. By and large, the regulatory failures were, you know ... bog standard domestic banks was the problem that prevailed. I think, you know, principled regulation, without a credible threat of discovery and enforcement doesn't work, you know, so that's where the weakness was. There wasn't a credible threat of discovery and enforcement and I think that's where things came unstuck in terms of the model that, you know, you're talking about.