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

Okay. Mr. Moran, each year the Governor of the Central Bank would issue a pre-budget report to the Minister, known as the Governor's letter. You state that these letters did not suggest that the Governor had any concerns about financial stability. Should the Governor's letters, or any other reports from the Central Bank, always be taken at face value, and not subject to challenge from within the Department, or would you put forward a different view on that? And what processes does the Department of Finance have to challenge information that it is being given by the Central Bank, including in that letter, that annual letter?