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

Yesterday, Professor Gregory Connor came before the committee and he said:

...a misunderstanding of the big risk of systemic liquidity problems in the banking sector. That was also missed. As such, the economists share some blame.

Would Professor McDonough agree or disagree with Professor Connor's statement that there was a misunderstanding of systemic liquidity problems and, if so, why did the misunderstanding occur?