Eoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source

I want to take you back, if I might, just to your opening statement, just to clarify something then, because you said in your opening statement, which I know you didn't get to read out in full, "The first point of failure came with the collapse of economic activity and the manner in which it undermined repayment capacity." Just elaborate on that point for me, please. When did the problems in AIB actually begin?