John Paul Phelan (Carlow-Kilkenny, Fine Gael)
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I was just saying that, Chairman.

The question is about auditors, and I have asked it of many of the witnesses. The European Commission proposed far-reaching reforms to the audit sector before the banking crisis, and these reforms were subsequently changed. Do you believe it should be mandatory for bank auditors to rotate and, if yes, why? Do you believe the mandatory rotation of auditors, as proposed by the Commission in the 2003-2008 period, could have led to higher levels of vigilance in the Irish banking sector?