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

Yes. I mean, but if you go back in it, the fault in the past was that the, kind of, conventional wisdom was that bankers were in the higher professions. They'd be like doctors and accountants and they should self-regulate because there were of high ethical principle, so that your regulation would be at a level of principle. So, you know, the regulators set down the principles of the regulation and set down protocols, and then the bankers would follow. But there was no hands-on scrutiny of whether they would ... were following or not. So that's changed completely now. I mean, there's staff of the Central Bank now inside in every bank, and they're there more or less on a full-time basis.