Susan O'Keeffe (Labour) | Oireachtas source

Can you clarify why a lot of savings would have been tied up in term deposits in Isle of Man accounts? Would that be normal procedure? I refer here to the fact that, at a time when the society was under a lot of pressure coming in to September 2008, savers would have had to break their terms in order to withdraw if they were concerned about the state. Why was the Isle of Man used in that way?