Ms Mary Harney:

And I would agree with Deputy Rabbitte in that respect. And maybe it is partly because we're a small country, but there was a lot of deference, perhaps, to the banks. In the first instance the failure of the banking system must rest with the bankers and the lenders. And then the auditors and the accountants. I think, to be fair, the regulator and the Central Bank come down third and fourth line of defence. They're not up there No. 1.