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

Thank you very much, Mr. Gleeson, and just to say your full statement will be published as part of the proceedings and that should be online some time this morning, and thank you very much for condensing that because that facilitates us in our proceedings this morning and I will be asking both members and yourself to be concise in the engagements today.

Mr. Gleeson, can you explain to the committee how AIB, which is a bank which has a history going back, I think to 1825, long before the foundation of the Irish State, a bank that was considered for ... over that period as a traditional conserving banking model, ended up during your period as chairperson being guaranteed by the Irish State and, ultimately, 99.8% owned by the Irish public?