Mr. Dermot McCarthy:

Well, I would have had an awareness of the liquidity pressures and the fact that there was a degree of mobilisation, if you like, across the financial system by the Central Bank, in particular, to prepare for a further tightening of that.

The point where it became a systemic risk as opposed to a problem to be managed, I ... if it was earlier than the beginning of September, it wasn't much earlier, I think, than that.