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

Okay. Why was resolution legislation not prepared in the first five months of 2008, given that you, as a Department, were looking at all of the various scenarios? There was certainly a reference to nationalisation legislation in early 2008 but why was special resolution legislation dealing with a scenario of a bank failing and the need to protect depositors - try to separate them from other liabilities - why was that not advanced?