Mr. Frank Daly:

But I'm not going to take a view on what that amounts to, Deputy, except simply to give you my analysis of what we actually found. Banks may have a particular view of the type of rigour they put into such analysis, or the type of rigour they put into the evaluation of any loan application. It just seemed to me, in the context of what we found, that there was more that could have been done. It was done, by the way, I suppose, at that time in the context of, I suppose really a view in Ireland about the property market and about the characteristics of the property market-----