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

Okay, that's fair enough. Can I ask you then in relation to the discovery, and you mentioned the reports, and we've had evidence here from witnesses of two to three people who were directly regulating, on a micro level, different institutions. How did that situation ... how was it allowed to come about? How, in light of the fact that you said you had reservations, that you had only an effectively half an actuary in your Department regulating insurance and the credit unions, how come there wasn't more strict oversight of the actual prudential regulation of financial institutions?