Mr. Paul Mulligan:

None. There was no involvement of the regulator. Let me make this clear. The sponsorship committee within RTE would vet any proposal to ascertain whether it was a suitable sponsor. At the time the Financial Regulator as a sponsor came up as a concept. At the time, we had a programme called "It's Your Money" and the regulator has a site that is similarly called. The idea was whether it would be possible for the Financial Regulator to sponsor this, if it wished to so do. Discussions were held with the Financial Regulator and eventually it never happened. However, the reason the concept came up was because at the time, as the Senator may remember, the regulator was advertising with RTE. Most people will remember the guy standing up on the bus saying he did not know what a tracker mortgage was. The regulator was advertising the fact that it was trying to educate people in financial issues. The concept was about whether the regulator could advertise a programme and the note cited by the Senator said yes it could, it was a good fit.