Brian Lenihan Jnr (Dublin West, Fianna Fail)

That is why the board proposed to put these matters into the public domain upon the publication of the annual report.

I refer to Deputy Rabbitte's questions. He raised the question of the meeting on 29 September and the Government decision to guarantee the banking system. There was a concern on 29 September that a nationalisation of Anglo Irish Bank would have a knock-on effect on the entire banking system, because of the very critical liquidity position of all the banks that evening. The approach to the Taoiseach and me regarding the guarantee was made by the chairman and chief executive of the Bank of Ireland and the Allied Irish Banks. I put that on the record of the House in the course of the guarantee debates. I received no representations whatsoever from the Anglo Irish Bank about the extension of a guarantee to it, or about its possible nationalisation at that time.

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