Mr. Brendan McDonagh:

Generally, most people would have a three-month gardening, cooling off period and the people on the executive team would have a six-month cooling off period. I suppose we have to rely on the professionalism of the staff but also the fact that in the legislation there are lifelong confidentiality provisions which apply not only while one is working in NAMA. People often ask why not six months or a year but the reality is that we would have to pay people for that period and the view was that three months was a reasonable period to, effectively, put somebody in cold storage before they go into the market.