Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

Can I clear up one thing because everybody in the room wants to know the answer to it? In respect of the timing of last night's announcement, it could be construed that this was a statement that was going to be put together before the special liquidators came before the committee today. How long have they been in negotiations with the preferred bidders with regard to a voluntary code of conduct? We discovered this afternoon that it has no legal standing and that no targets are in place for the people in resolution processes that carry penalties as they do in all the other institutions. This committee would certainly like to know about the timing of last night's announcement.