Ciarán Lynch (Cork South Central, Labour)
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Thank you very much, Mr. Sheehy, and thank you again, Mr. Buckley. I am sure other members will over the course of the morning return to some of the matters you raised about the guarantee, but as we are aware the guarantee was a response to a crisis, it wasn't the instigating factor of the crisis and that's what I would like to delve into now, if you don't mind.

Mr. Buckley, in your opening statement, can you confirm to the committee, that is what you're telling the committee, that you left AIB in a fundamentally sound position when you departed?