John Paul Phelan (Carlow-Kilkenny, Fine Gael) | Oireachtas source

I specifically asked the question because we've had evidence from a number of witnesses to the inquiry that has alluded to the fact that there were requests for changes to the collateral rules prior to the guarantee coming into effect, and those changes happened subsequently, a little more than two weeks after the guarantee came into effect in Ireland. Those changes meant that Irish banks had access to liquidity two weeks after the guarantee that they did not have access to prior to the rules being changed, and I just want you to recollect, if you can, why those requests from Mr. Hurley appear to have fallen on deaf ears.