Ms Mary Harney:

-----with the benefit of hindsight, we appointed Mr. Elderfield and we paid him a salary substantially greater than what we were prepared to pay during those years. There's a lot of lessons we have learnt. And one lesson we must learn is that this expertise globally is in scarce supply. And, therefore, if you're going to acquire that expertise, whether it's in the form of executive staff ... and sometimes in Ireland we go for three instead of one with the expertise and the experience, we might go for three more junior people. I think what ... if there's any other lesson we should learn from the regulatory issues it is that we need the appropriate expertise, whether it's on the board of the regulator or whether it's particularly working at executive level in the regulatory office.