Eoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source

The financial stability issues paper, that's on page 3, Vol. 4 of the document from January '08, which we've discussed previously, or earlier, excuse me, it talks about this idea of ELA and that, basically, being the last, kind of, port in the storm because of the lessons learned from Northern Rock.

On page 5:

As the recent liquidity difficulties at Northern Rock have shown, while an institution may be illiquid but solvent, the public perception of a requirement for ELA is that the institution is in trouble and at risk of collapse. The announcement that Northern Rock would receive ELA from the Bank of England triggered a bank run which was only stemmed by the Chancellor's announcement of a 100% guarantee for deposits in Northern Rock.

Was the purpose of the green jersey agenda to prevent any particular institution having to access ELA?