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

Okay. So, given that these ... that group risk had done this policy report and undertaken stress testing on a monthly basis, why ... in your opinion, why did the bank not react sooner then, when it came to the - and more robustly, I suppose - to the liquidity problem prior to September 2008? Why, when you are doing this at the end of 2007 and, as you say, the crisis has begun since August, why, when it comes to September, do you find yourself, having miscalculated the risk actually and the problems that you are going to face-----