Joe Higgins (Dublin West, Socialist Party) | Oireachtas source

Mr. Fitzgerald, in page 3 of your written opening statement, you say:

[T]he size of deposits taken from individual customers however grew significantly from 2005 onwards [where] some 'institutional' clients had over €1 billion placed on overnight deposit with the Bank. This concentration level meant the deposits in the Bank became increasingly more volatile and, while every effort was made by the treasury teams to attract deposits from a wider range of small customers, the growth in deposits and other funding sources required to fund the huge volume of lending growth during the period from 2005 onwards made that task almost impossible.

And you finish by saying, on this point, that "This was to lead to significant problems for the Bank in 2008." Can I ask you did you ever express this concern to any member of senior management as it became clearer to you the type of problems that were emerging?