Sean Barrett (Independent) | Oireachtas source

In his report Professor Honohan refers to one of the bodies concerned and the fact that it had a track record, dating back to 2000, of unsatisfactory correspondence and so on between it and the regulator. When he says there was nothing else that could have been done on the night, it was the job of the people at the meeting to watch the situation evolve, over eight years in one of the cases mentioned in his report. Everybody else says things started to go wrong after 2003. Is it any excuse that the people there on the night did not know what was going on? It was their job to have known what was going on.