Ms Mary Harney:

Well, in relation to the developmental role, that came secondary to stability, obviously. I think Mr. Honohan said that ... the Governor said that in his report, that it wasn't of the first order. Secondly, we established a global financial services sector here from zero and to have credibility in the global financial world you need good regulation. It's not about light regulation or no regulation; it's about strong, robust legislation. People are not going to put their funds and their money into a country where they're not confident of the regulation. So, what ... when I was talking I was talking about the new, strengthened regulatory environment. And in relation to the development of promotional role, the IDA had a strong role. As Minister for Enterprise, Trade and Employment I met with many financial services companies around the world, promoting the IFSC, and so too did the clearing house. So, I think the Central Bank's role would have been certainly down the line from that and it would, in any case, have been secondary-----