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

You explained how your own liquidity profile, which you could see, "eligible collateral exhausted in 30 days if markets remained closed." I think it's in the middle of that paragraph.

And there is a further quote that I want to make at the end of that paragraph on this point the CEO, yourself, and the chief financial officer "sensed a marked reluctance on the part of the CBI [Central Bank of Ireland] to approach the ECB and also formed the impression that the CBI was less well informed on market developments and their implications for all Irish banks than would have been expected."

I want you to briefly outline why that marked reluctance was there and why do you think that the Central Bank was less well informed then it should have been?