Ms Ann Nolan:

We have no economic, or any other, interest in Bank of Scotland and what price it did or did not get for its loan book. If it sold the loan book at a knock-down price to somebody - I do not know if it did or not - it is a matter for itself to protect its commercial interest. We have an interest in whether the ultimate purchaser abides by the code of conduct because we have an interest in the individuals who own those mortgages as part of the public interest in how mortgage holders are treated across the board. We have no interest in the price Bank of Scotland got for a mortgage book it sold because there was no commercial interest to the Irish State involved.