Mr. John Hurley:

In relation to Anglo Irish Bank ... we had a very good picture of the liquidity position in Anglo Irish Bank. We knew exactly what the state of play was. We had been discussing the potential for emergency liquidity with all banks for some time, going back to Northern Rock. In this particular situation we knew exactly what the liquidity position was and we knew that there ... that particularly as of the Monday, when the liquidity situation significantly deteriorated, we knew of the potential there was for a problem the following morning. But all the arrangements were made ... all the arrangements were made in terms of asset swops, the legal arrangements were done. There was going to be no default. We had those arrangements in place. The only piece that was actually missing from ... the particular jigsaw, was that the letter of comfort from the Minister was to come, and it did come later that day. So the whole circle was ... the whole circle was there. Now, having said this, just ... this is a very important point. As Governor of the Central Bank, I can’t talk to other banks about the specific internal affairs of another bank. And if somebody comes to me and asks me specific questions about the liquidity position ... any sort of position in relation to a particular bank, I can’t speak to that person about it.