Pearse Doherty (Donegal South West, Sinn Fein)
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Professor FitzGerald gave evidence to the committee that a senior economist in AIB had approached him in respect of a robust stress test at the bank in early 2006. I hope he will provide details of that individual for the committee at a later stage in order that it can follow through on that matter. He also said in his opening statement that the ESRI had not drawn a connection between the growth of the property market bubble and the risk to the financial system in 2008. Can he help me to understand how the ESRI did not draw the connection between a property market bubble and the risk to the financial system in 2008, yet in 2006 it was developing robust stress tests for the banks? How can both statements coexist?