Liam Twomey (Wexford, Fine Gael) | Oireachtas source

I have one question. I may have misunderstood Mr. O'Connor when I made that contribution earlier on. He said that he expects that there would be significant write-downs in the order of hundreds of millions of euro coming from the bank in the next 12 months because he feels all the things are in place to start making significant write-downs and to start dealing properly with mortgage arrears. I said that could run into hundreds of millions of euro and Mr. Duffy agreed with me.