Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

I must have misheard the Chairman earlier, because I did comment on the regulator and AIB and the current CEO of AIB. The Chairman said a moment ago that he was not commenting on them. However, I think he said earlier that he felt we were not well served by our regulator. He made a point to me on why there has not been change in AIB. I think it is important to say a few things. Maybe I will repeat quickly what I said a few moments ago. Firstly, what happened is a scandal.

I am as aware as the Chairman is of all of the suffering that took place with regard to it. Second, the current chief executive of AIB was not chief executive when this happened. Furthermore, my understanding is that there has been very significant change at a senior and personnel level within all of our banks since the behaviour we are referring to occurred and the tracker mortgage decisions were made.

As much as I agree with the Chairman on the scandal and harm that has been done, I could not agree with him regarding his description of our banks there in his saying that there are no rules or regulations.