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

Well, first of all, bank directors now have to pass a probity test. Again - this is a ballpark figure now but I won't be very far out - I think there was 75 or 76 directors across the banks and I think there's only one survivor. So, you know, there was no reappointment of the directors of banks that were there at the time - not because there was a test of the culpability but it was because certain things happened on their watch. So, you know, that's the first change that has taken place. So there are new teams in, both in terms of directors and senior management, and they tend to be the next generation bankers.

Now, how were the banks after the crisis? I would think there was very low morale among staff in general because they were ... they felt they were being scapegoated and ... even socially, they felt they were being scapegoated. But, I suppose, that's not surprising either. But they're working their way through it now.

I wouldn't think the job is finished yet, no more than any of the other jobs on the recovery, you know.