Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

Okay, thank you very much. I'm just going to take some questions myself and then maybe propose we might take a short break after that then, if that's agreeable.

Mr. Gormley, just with regard to your own witness statement, you state that circa ... in and around quarter 1, 2009 ... this is on page 5 of your statement:

An immediate nationalisation was ruled out as the state would not be able to manage the loan books of all six banks at the one time. There was also still the prospect of either AIB or Bank of Ireland being solvent.

Can you advise what parties were involved in these discussions and was solvency a significant concern? Did you ever look at the possibility of liquidation?