Cormac Devlin (Dún Laoghaire, Fianna Fail) | Oireachtas source

I hear what the Cathaoirleach has said about the information that has been put into the public domain and I accept what Mr. Hogan said. It certainly does not tally that it would be to the benefit of the Department. Irrespective of that, from the committee's perspective, the involvement of the Exchequer in any way in this has been the big conundrum. If we were to step back from the actual case itself and the individuals involved, if we were to see the collapse of an insurance company or some other organisation of that scale and size again in the foreseeable future, how would things differ from the way they were in the face of the collapse of Quinn Insurance? What has changed from the perspective of the Department and the Central Bank? Does this require legislative change or has there been a systematic change regarding how to deal with it? Could Mr. Makhlouf answer the question first followed by Mr. Hogan?