Professor John FitzGerald:

No, but work we did in 2006 for PTSB in producing the stress scenarios - the macroeconomic scenarios - did raise one concern regarding a liquidity crisis. This was relevant as that is where the market would stop funding the banking system and the money. That was useful information, which should have helped build a picture of the dangers to the system.

On what the banks knew, I am very interested in the committee's work and I hope it can tell me. It looked to me as if there were people in AIB who were worried. How was it, when there were people in AIB who were worried - and probably people in the other banks - things turned out they way they did? I am waiting for this committee to answer that question.