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

Okay. I've two questions that I have to ask you before I get to Mr. Gormley. Hopefully I'll have a bit of time with him. At the bottom of page 3 of your statement that you presented to the inquiry you said, "I have commented on Government's lack of awareness of the growing risks in relation to Financial Stability in the lead-up to the crisis - an omission that one hopes is unlikely to be repeated given the huge focus on regulatory implementation since then." Briefly, do you feel that enough has been done to ensure that a repeat will not happen? Briefly, please?