Mr. Tom Considine:

The facts do not seem to support the Deputy's argument. As I said, the PCAR exercise conducted by the Central Bank made an assessment of what discount would be required to deleverage. The discount achieved was better than what was assessed. In the business world, people are head hunted. If one is doing a deal with a company and sees a person one likes and that person is offered a job, does that raise a suspicion immediately? As a member of the board of directors, all I can tell the committee is what I see, and what I see are rigorous controls. I know nothing that would in any way raise the kind doubts being implied.