Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Thank you Chairman. I welcome Mr. Nyberg. I want to deal with the night of the bank guarantee, which Mr. Nyberg examined in his report, and is an important part of this inquiry's body of work.

Mr. Nyberg makes it clear in his report that minds were concentrated on the very short-term risk of at least one bank running out of money the following day and not being able to meet maturing obligations. Will he advise the committee on what was at stake, in his view, on that night? What would have been the consequences of doing nothing on that night?