Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

In that the guarantee was going to expire within a two-year period and this was going to change the nature of how the banks were now capitalised and funded. The requirement for ELA was on the basis of what was in place for the two years following the guarantee. Would the nature of the banks' capitalisation and liquidity requirements still have meant that they were inside the requirements for ELA after the guarantee had expired?