John Paul Phelan (Carlow-Kilkenny, Fine Gael) | Oireachtas source

Okay. I can ask you then again in relation to your previous experience ... this morning and last week and I refer to core document AIB B1, Vol. 1, page 87 ...sorry, I should say AIB B1, Vol. 1, page 16, in 2004 Jim O'Leary, who is an economist who was board member of AIB at the time, raised the issue of credit concentration in the construction and development sector. This morning under questioning, Mr. Buckley, who was then the chief executive, stated that while the issue was raised in January, it was dealt with by the board in October. In your previous experience, did you ... you know, does it tend to take nine or ten months for a commercial board of a bank to act on an issue being raised at board level and being minuted as a decision, ultimately, of the board to look into it?