Billy Timmins (Wicklow, Fine Gael) | Oireachtas source

I thank Mr. Dukes for his response. That brings me on to two issues. First, he mentioned that he lies awake at night thinking of the statutory returns. Sometimes we put too much emphasis on something that was not policed and then we over police. Are there some measures the Government might take, or perhaps not take, that might include IBRC in its commercial remit? Perhaps there are some shackles on IBRC that it could do without and it would be of more benefit ultimately to the organisation and the taxpayer if there was a little less regulation, if I may use that term. What statutory returns could be dropped?

With regard to deleveraging, who is actually buying the properties? What is the profile of the companies involved? I understand many American companies and pension funds are buying properties here. Who are they and what kinds of properties are they seeking? Is it fair to say that as we go along it will be more difficult to sell because the prime properties are the ones that will be sold first? If IBRC manages to wind down within ten years - perhaps in eight or nine years - what will happen to the residual properties and loan books? How will they be integrated? What will happen to individual mortgage holders with a 20 or 30-year-old mortgage when the bank ultimately winds down?

My final question is-----