Ms Derville Rowland:

The Senator has asked an important question about the competence, capability and skills of individuals who sit on boards. The Central Bank of Ireland has specific criteria about fitness and probity for role holders in specific jobs. Coupled with that, it is important that a firm is run to the standards expected, with appropriate governance, risk management frameworks and compliance. I will bring in my colleague, Mr. Sibley, on this matter because I am sure he wants to articulate his views.