Ms Fidelma Clarke:

Yes. I suppose, I mean, I had the benefit ... or not the benefit but certainly the position of looking backwards when I became CRO in 2009 at what had happened before. We did a lot of backward review in preparing our submission to the ... for the restructuring plan. So it is clear - again, with the benefit of hindsight - that the availability of credit and the ... on one side, and the demand for ... availability of wholesale funding ... and the demand for credit, on the other side, coincided and all financial institutions moved away from purely funding their balance sheet with ... their lending with deposits.

I suppose in a ... in the environment in which Ireland was operating, there wouldn't have been sufficient savings to fuel the type of growth that we saw in the 2000s.