Mr. Frank Daly:

On behalf of the board, I should assure the Deputy in respect of section 172. Of all the entities that are, if one likes, deleveraging, whether they are banks, IBRC or other State-owned or controlled banks, NAMA is the only entity to which the section 172 restriction applies. That is a clear message from the Oireachtas to us and one which we take very seriously in terms of the declaration to which Mr. McDonagh referred. I reiterate Mr. McDonagh's point that we are not aware of any case in which a loan or asset, whether a property or the loan itself, has been sold back, either directly or indirectly, to a defaulting debtor. There is, however, only so much we can do.