Mr. Pádraig Ó Ríordáin:

Senator, I think the role of the financial legislation advisory forum was very much just to consolidate legislation that was already there, because what had happened in Irish financial legislation is that it had built up over a period of time in a relatively sedimentary way and it was quite difficult to find your way through it, so the purpose of that committee was just to consolidate. We didn't really look at that ... in fact, we didn't have any brief to look at the policy or the direction of any of that; it was actually just nearly an administrative exercise to consolidate what was already there so it would be hard for me to comment on the bigger picture in terms of the overall policy and direction.