Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

Vol. 2, page 35 to 38, is a letter from the Financial Regulator to Mr. Walsh that's dated 7 March and really the tenant of it is that it would appear the regulator continually repeated that there was lack of strength at the board or senior management level over a six-year period. In view of these concerns over resources that was in senior management, why did the building society expand its loan book and, in particular, to commercial lending throughout this period? They're basically saying that the ... that you did not have the strength at either board or management level to deal with dealing with that level of loan expansion, particularly in the commercial area.