Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

I think it's functioning. It's functioning ... I think it's functioning quite well now. I mean, again, it appeared ... it appeared, after the crisis really struck, that the previous arrangement didn't function very well. But there are other models where you have a separate regulator, like in London, where the model does function. So, I'm not too sure what-----