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

Okay. I want to just retrace my steps a little bit. When we had Mr. Boucher in previously from Bank of Ireland, I put to him a quote from Bank of Ireland minutes.

It's on the record of the inquiry and I just want your reaction to that particular quote. He said on this point, the CEO, Mr. Goggin, and the CFO, "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 [Central Bank of Ireland] was less well informed on market developments [...] for all Irish banks than would have been expected."