Ms Mary O'Dea:

I think both. I think both organisations, and I answered another question in relation to the structure, about having a clear level of role and responsibilities. My understanding all through that time was that the Central Bank clearly had the role for systemic financial stability and I think the build-up of a credit bubble within the economy falls within that jurisdiction. Also my understanding was that the regulator had responsibility for looking at the micro-prudential areas, so I think the build-up of credit within particular institutions would fall within that.