Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

These were off the balance sheets. That is fine. I am mindful that I am limited in terms of time. In the opening statement Professor Lane presented to the inquiry he stated: "it is possible that the lack of precedents and the untested nature of the ELA framework ... may have deterred the Central Bank ... from deploying ELA to buy some time in managing the severe liquidity squeeze on Anglo Irish Bank". Is that his assumption and opinion or is this based on any conversations he had with anybody who may be involved?