Mairead Farrell (Galway West, Sinn Fein) | Oireachtas source

I thank Dr. Stewart. His research was widely covered in the media four years ago and a former deputy governor spoke about the significant risks he had identified and went on to say the Central Bank needs to be appropriately staffed and have teeth to monitor such opaque activities. One thing that has come out of all the decisions we have had so far is the opaque nature of this. On the back of that, is Dr. Stewart aware of any regulatory action taken by the Central Bank in the wake of this to tighten up the regulation of these firms, when this issue was highlighted four years ago? What is his view on whether the Central Bank is sufficiently staffed, has appropriate sanctioning powers and in some ways has the resolve to tackle this kind of activity?