John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

I am not asking Professor Lane to make excuses for the banks, I am trying to clarify something. The document states that phase two submissions were due no later than September 2016. The banks came forward and said there was a substantial amount of work to do and that they needed more time. The date was then set for September 2017. Am I right so far?