Ms Mary O'Dea:

No, I think what the ... the strategy of the current regulator is an intrusive model of regulation. But, actually, principles-based regulation has a lot of rules. There was an awful lot of rules that were set out. And this is a really important point actually, because when we came to do some of our investigations, some of our particular investigations, one of the things that we looked at were what rules were there that could have been breached whether or not they were set out by Europe or whether or not they were in law. And we were then able to either report those if they were into the legal territory or liaise with the guards and this was something I did in my time to say, ''Can we go ahead and pursue some of these breaches of the requirements without infecting any process that you have?'' So we liaised with the guards in relation to that.