Mr. Donal Forde:

I would not have put it like that, in the sense that every one of these cases was scrutinised. All the documentation and the circumstance of the case would be reviewed three times - by the division, the division then referred them to the group credit committee and they would be reviewed again and then they would go to the board for final approval. So it was not that there was an absence of scrutiny on them. I think we had come to accept that large exposures to individuals who were long-established in the property and construction business were acceptable. I would put it in those terms.