Professor Patrick Honohan:

It is a pity, but I did not say it. I do not take the Deputy's comment seriously. I cannot believe someone is claiming that the Central Bank or I have taken a hands-off approach to the banks. The committee and I have dealt at great length with the question of the letters being sent. I am not satisfied with the letters being sent, but I accept responsibility for a process that is accelerating the conclusion of sustainable solutions. I have no sympathy for the lenders, but a lender is not in a position to construct a loan restructuring if it does not have information on the borrower's current situation.