Professor Niamh Hardiman:

There are two things I would like to say about that. First, we now know, in hindsight, there was a dearth of information all round and that the Financial Regulator did not have access to all the information. This is what we seem to have learned. I am not in a position to comment as to the veracity of any of those claims.

Second, in regard to any particular institution about which there are ongoing discussions in the public domain, I am not at liberty to comment I am afraid.