Pearse Doherty (Donegal South West, Sinn Fein)
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Yes, I'll finish at this: "The Central Bank's concerned that this might be perceived in the market as us suggesting lighter tough regulatory approach for IFSC entities than to domestic entities which could have negative reputational consequences for new structures''. So the question I am asking you is: what were the concerns of the ... at the time in relation to this idea of light-touch regulation for IFSC? And during your period of acting regulator of ... of the Financial Regulator ... did you have to deal with legacy issues of IFSC banks, for example, like Depfa Bank-----