Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Thanks a million, I think the same question that I've been given has been dealt with adequately, and if not, I'll take direction from the Chair. Can I ask you, Mr. Horan, in relation to a discussion we were having at this committee with another witness in relation to a letter that you signed in March 2008, to a financial institution, which talked about ... an institution having no access to ECB monetary operations, not having access to wholesale markets for funding in recent months, and were relying on retail and corporate deposits initiatives for liquidity?

This was in, as I said, 2008. Would that not be a very serious issue if there was ... if it was an institution obviously ... there was, given your letter, of that nature, and what was the response by the office at that time?