Paul Murphy (Dublin South West, Solidarity) | Oireachtas source

The financial crisis inquiry report concluded that one of the causes of the financial crisis was not just the deregulation that took place but the failure to adopt new regulations or challenge industry on the risk of innovations. We have new things developing and regulations not keeping up with them. Do the witnesses think there is a risk that shadow banking is one of those areas where regulations have not kept pace with the speed of the development of the sector in Ireland? Is this something the Central Bank will be looking at?