Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Yes. The Financial Regulator sent a letter in December 2004 noting its ongoing concerns with the level of resources at senior and executive management level within Nationwide. These concerns were repeated in a further letter in March 2008. Can you explain why the regulator's concerns were not addressed and no apparent effort was made to strengthen the board of the senior management to the satisfaction of the regulator over the period stretching at least six years?