Tom Neville (Limerick County, Fine Gael)
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It was stated in some of the submissions some time ago that because of what happened ten years ago there was a collapse of an institution. Obviously the regulatory bodies probably did not have the wherewithal to be able to deal with that. Where are we now on that, if that was to happen tomorrow? A financial institution collapsed and it was stated the last day that the body itself did not have the capacity to be able to deal with that doomsday scenario because obviously it was never envisaged that that doomsday scenario would happen. It actually did happen. In hindsight, if that doomsday was to happen tomorrow, in the opinion of the witnesses where would we be? If they are able to answer that.