Mr. Alan Gray:

Senator, so I certainly did not know that the particular crisis that we've all had to been faced with would occur and I don't believe anyone else anticipated that scale of crisis, and I have outlined why I think that crisis happened, by a combination of both Irish and international mistakes. But I was very aware of the risks in the banking sector and the risks in the Irish economy and I raised those risks on many occasions. In terms of Deputy Phelan's questions, I outlined some of the risks I raised and looked for action to get more information on the commercial property lending side and I also raised issues in relation to the stress testing of banks and a whole range of other issues, some of which are in the detailed evidence I've supplied.