Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Okay ... but ... okay.

Mr. Daly, can I just ask about the issue of the manner in which banks competed with each other to lend to the top developers in the country? We have spoken a lot about personal guarantees, cross-collateralisation, but to what extent was there intense competition from the banks to get the biggest clients, to bankroll or finance the largest developments in the country? Did you find evidence of that when your agency went in and looked in detail at the loan books and the practices that went on?