Colm Burke (Cork North-Central, Fine Gael)

I come from a legal background, so I would have been involved in drawing down loans on a constant basis, both commercial loans and housing loans. There was a whole series of checks and balances, particularly in relation to documentation. I am concerned about how, with the process the NTMA has, something like this was allowed to slip through without the process being triggered.

Was the problem identified when the genuine call came for the draw-down of that €5 million or was that call made at any time within the following 48 hours?