Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

It is not for the bank to decide. The relationship framework is between the State and the bank. It is for both parties. The relationship framework is very clear. A matter is material, and therefore triggers the Minister's involvement, if "it is likely to create clear and significant reputational issues for ... the Bank". This decision caused such issues. The Minister could and should have stepped in because under the relationship framework he had the ability to do so.