Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

Thanks, Chairman. Welcome, Mr. Gray. Mr. Gray, can I go to Vol. 1, page 65 to 66, its core document, it's the letter of 20 October that you wrote to Mr. Kevin Cardiff? You might just summarise what were the main points you wanted to raise. It is about an exit strategy from the bank guarantee, the reasons why you wrote the letter so early in the guarantee period. How was the letter received? What action was taken on foot of it? You sent a similar letter to the financial stability committee in the Central Bank and what action was taken on foot of this?