Cormac Devlin (Dún Laoghaire, Fianna Fail)
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What Mr. Makhlouf is effectively saying is that from the Central Bank's perspective, the regulatory regime and oversight has improved over the past decade. It has initiated a number of changes.

Mr. Makhlouf mentioned third-party expertise that the bank did not possess. Despite the fact that it did not possess such expertise, Mr. Makhlouf made reference to the fact that it was somehow a new power that the bank had to be able to bring it in. It is somewhat unnerving for him to say that this was a big change in the past decade. I would have thought that the Central Bank would have had the ability to bring in expertise in any area, as required, without a need for legislative change. Is that something that is relatively new?