Mr. Brendan McDonagh:

It is not considerable information. Effectively it comprises lists of loans with each institution. Prior to making our decision not to acquire the loans, each of the banks had to apply to be designated by the Minister as participating institutions under the Act. Until such time as the loans were formally acquired by NAMA, the banks were obliged to refer credit decisions relating to them to NAMA under a pre-acquisition framework provided for in section 71 of the Act. If credit decisions were attached to Mr. McKillen's loans, they would have come to NAMA before we made the decision to acquire them.