John Paul Phelan (Carlow-Kilkenny, Fine Gael) | Oireachtas source

Thank you, Chairman. Mr. Gray, just returning again to annex 9 of your statement where you said, "No one from Anglo had ever asked me to take action on their behalf or to make representations on their behalf." I want to put a quote to you from a book produced by Bruce Arnold and Jason O'Toole called The End of the Party, page 15, specifically, where it states:

When he was Finance Minister, Cowen appointed Gray as Director of the Central Bank and the Financial Services Authority of Ireland and also as a member of the Irish Financial Services Regulatory Authority (IFSRA)...

In late 2010, Indecon contacted the website forumpolitics.ie to ask them 'to point out that despite what's being posted here and alluded to, Indecon have never acted for Anglo Irish Bank in any capacity'.

Only days prior to the banks' bailout, Drumm says he and FitzPatrick met with Gray as a 'go-between' between Anglo and the Department of Finance. He says the intervention was needed because Finance 'wouldn't tell us what way they were thinking'.

According to Drumm, calls were made to Alan Gray. He was asked: 'What should be done? What are they thinking? Are we doing the right things? Are we doing the wrongthings?' There could be no direct communication with the Department of Finance.' At meetings there attended by Drumm and FitzPatrick, the officials would sit and listen and look. In the end no one was any the wiser. According to Mr. Drumm, 'They wouldn't tell them what to do. They wouldn't help us.'

I'm sure you're probably familiar with that particular quote; it's at variance with your own annex 9 statement that you didn't act on, you know, questions that were raised with you by Anglo. Can you answer it?