Mr. Michael McAteer:

Our role is threefold. First, the remaining liabilities and claims due to UK policyholders have to be managed and, while Liberty Insurance carries out the day-to-day management on our behalf, it is our job to oversee that process and ensure the minimum cost possible to the Irish taxpayer occurs. The second part of our role is there are still significant assets, circa €200 million, that will need to be realised over the next two to three years. These are legacy assets that were previously in the insurance company or its subsidiary companies. Finally, it is part of our role to evaluate to whether redress actions can be taken against other parties to minimise the call on the fund by taking compensation.