Michael D'Arcy (Fine Gael) | Oireachtas source

I welcome Dr. Donovan. I read his book. On the bank guarantee, on page 200, he wrote:

The decision provided a comprehensive government guarantee in respect of the financial obligations of the six domestic institutions - Allied Irish Banks (AIB), Anglo Irish Bank (Anglo), Bank of Ireland, Educational Building Society, Irish Life & Permanent and Irish Nationwide Building Society (INBS) - falling due over the following two years.⁶

Footnote No. 6 states:

Foreign banks operating in Ireland [from Dr. Donovan's piece this morning, he described these as foreign subsidiaries]-----