Dr. Donal Donovan:

Yes, but the conclusion is still speculative. It seems to me a question can be raised. If an institution which has, for whatever reasons, significant concerns or doubts about a particular institution were to find a way to convey those doubts to Merrion Street or whoever, that might have been an important wake-up call. Of course, that is not the NTMA's job to do, but it could have perhaps taken an initiative to do so. Whether it would have been listened to or not, and whether it would have been told to mind its own business, is very difficult to say.