Tom Neville (Limerick County, Fine Gael)
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The witnesses might not be able to answer this question. I refer to the communication between the regulatory agency and the businesses in question. If, for example, we take what happened ten years ago with the banks, I am interested to hear what type of communication takes place? Is it real-time type data that they request or are the systems sufficiently sophisticated that they can provide such data? From my experience in the private sector, what happened ten years ago was that the communication of data was perhaps two or three months behind.

Again, this is anecdotal and from my own experience. One very significant thing that was done in the intervening years was to try to get the systems up to speed such that there is almost real-time communication, that when one goes in takes a snapshot one can find out exactly what is going on, as opposed to in three or four months’ time. This negates any risk. Is there any development in this regard? If Mr. Byrne cannot answer that question, I fully understand. I know it is quite broad, but just as a matter of interest.