Mairead Farrell (Galway West, Sinn Fein) | Oireachtas source

As I am not sure how much time I have for asking these questions, I will keep it short. I thank the witnesses for appearing before the committee, which is very welcome.

This transaction took place in November 2014. It has been reported that the bonds were purchased by the consortium for €5.4 million. The Central Bank enforcement action notice stated that three weeks after the transaction, the consortium sold a large tranche of the bonds to a fund manager. How much was that tranche sold for? Cantor Fitzgerald claimed that they could be sold for 30 cent on the euro. I ask Ms Rowland to confirm that. Was that then distributed to members of the consortium? Were the remaining bonds sold and if so, when were they sold and at what value?

I understand that the Central Bank had to agree with Davy what was put into the public domain. Had the bank planned at any point to put the detail of the individuals' names into the public domain? Are any of the individuals involved in this now working in an entity regulated by the Central Bank? It is extremely important for people to be aware of that.

Did the Central Bank ask if this was an isolated incident relating to this consortium? Will it carry out a review to establish if this did not happen to others? That is a further concern people have.

I also have a question on business interruption insurance, but I take it we are not asking those kinds of questions today. Is that correct?