Brian Lenihan Jnr (Dublin West, Fianna Fail)

Two and a half months ago we secured the position of the Irish banks and a great deal of liquidity went into the Irish banks throughout October. The liquidity of Irish banks was repaired in that month. Let us not talk about two and a half months. I have had the PricewaterhouseCoopers report for a far shorter period than that. The first step taken after the introduction of the guarantee was to carry out a detailed analysis of the asset quality of the Irish banks. That report was only available later in November. Since then I have been in a constant structured dialogue with the Irish banks to ensure they are in a sound position for the months and years ahead.

See this speech in context