Mr. Brendan McDonagh:

This is a policy that will be implemented across the NTMA. Therefore, any new people coming into NAMA will be subject to it. The issue really revolves around people who already have contracts of employment and cannot change them. However, we are managing this very carefully. We have told staff that if they are going to join an organisation we believe might be interacting with us, they should leave on the day of resignation. We stipulated a three-month notice period and that one cannot contact anybody in the office. We shut off IT systems.