Mr. Ed Sibley:

With regard to how we view the financial system as a whole, our role is to act as public servants. That is why everyone who works in the Central Bank goes to work and our absolute desire, aim and ambition for the financial system is that it serves the needs of the economy and society as a whole in a sustainable way over the long term. The work that we have done since the crisis - which is still being done - to address those fundamental problems within the banking system and in other parts of the financial system has most definitely improved the resilience of the system and hopefully moved us to being in a situation where the system can serve the needs of the economy and its consumers over the long term in a more sustainable way but there is still work remaining to be done. We have seen that in the issues of tracker mortgages and the recent work on banking culture. There is still work to be done on the problems in the institutions. The Deputy asked a more political question on our views on public and private ownership and that is a matter for the political system rather than for me.