Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

I apologise for missing the earlier session but I had to be at another committee meeting. I am sure many of the issues regarding variable rates and so on have been discussed. Mr. Boucher will be aware that the events around Siteserv have dominated media debate over the last week or two. That has opened up a debate around big write-downs on commercial loans. The figure the Minister is looking at now is loans over €10 million where there were significant write-downs and so on. What has Bank of Ireland's attitude, policy and practice been with regard to big loans and write-downs of the magnitude that we are seeing in the Siteserv case, where somebody owes €150 million and €110 million is written down?