Paul Murphy (Dublin South West, Solidarity) | Oireachtas source

In reply to the original question posed by Deputy Pearse Doherty, Professor Lane said the Central Bank legally had the power to use its powers in respect of 2013 onwards where there are these two populations. The reason it does not use the power is that relatively speaking, it is a relatively small amount of money compared with all the money that is pre-2013 and which it does not want to endanger. The missing piece in the logic is that the Central Bank is saying that if it were to take legal action in respect of ongoing problems, it thinks that banks would withdraw co-operation with regard to the pre-2013 period.