Kieran O'Donnell (Limerick East, Fine Gael)

I refer to the employees and the policyholders. It appears there are eight subsidiaries of Quinn Insurance involved in providing guarantees for facilities. Will the Minister elaborate on exactly what form these facilities took? Were they in the form of bank loans or otherwise? Normal practice would dictate that if they were in respect of banks, bank letters would be sent to the bank every year and the guarantees would be disclosed in those bank letters. That would represent normal practice. Will the Minister elaborate on exactly what form these particular facilities took and their nature?

See this speech in context