Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Can I put it to you, Mr. Doyle, that as far back as January 2008, in a financial stability issues scoping paper, it looked at a number of different scenarios, including the scenario of an insolvent bank. It looked at the scenario of examinership for a bank, for example. And yet, are you telling me that at the end of September 2008, when the proverbial hit the fan, the Department did not have resolution legislation in place to deal with a situation where a bank was insolvent or where the Department felt that the bank should be put into some form of examinership, so that there could be a more detailed examination under the bonnet to check the proper underlying health of that bank?