Kieran O'Donnell (Fine Gael) | Oireachtas source

In the limited time I had with the Central Bank I asked what was the form of regulation over the loan book administered by the agent. It was based on risk analysis and I asked if the bank went to the premises to carry out audits, to which the reply was that it did not. The level of regulation is more light touch than heavy prudential, as in the other institutions.