Mr. David Duffy:

I have said that our discussions with Mr. Lorcan O'Connor are to prevent that exact possibility. I referred to this at the beginning. If Mr. O'Connor were sitting here he would say our job is to ensure he is not relevant. I hope he does not mind my saying this. There is no debate about whether it is good or bad. There is an affordable solution, up to and including debt compromise, which aims to ensure the customer does not end up in insolvency. That is our objective. Regardless of the outcome, if it becomes a humiliation, we have all screwed up significantly.

If we treat people badly, the long-term future of Allied Irish Banks will never be stable. We are motivated by same and will be judged by how we execute in that regard. We are determined to prove that we can.