Mr. Brendan McDonagh:

I think I said to the committee previously - and I certainly did to the Joint Committee on Finance, Public Expenditure and Reform - that if FOI is applied to NAMA, we will operate within that. Clearly it will have implications for NAMA. Many people have an interest in the agency in terms of FOI requests and, therefore, we have advertised to recruit four specialist FOI staff to deal with that and see how it goes. We have talked to other bodies that have become subject to the legislation. We have projected based on their experience that we could have between 500 and 1,000 FOI requests in our first year. Clearly, there will be costs in trying to deal with that.