Mr. Seamus McCarthy:

We have done three value-for-money reports as one might describe them. The value-for-money terminology relates to the Comptroller and Auditor General (Amendment) Act 1993. The provision in regard to carrying out similar exercises on the Central Bank is included in Central Bank legislation from 1997. The provision is there and once I report on one of those exercises, it can be taken up by this committee. In 2007, my predecessor published a report on financial regulation. That looked at the costs and processes involved in the regulator as it was at the time in the Central Bank. That was presented here and discussed by the committee. There was a subsequent report and a similar report in 1999 covering some of the same areas.