Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

Can I just move on to Mr. Sheehy? Just on the whole issue, I am taking the property side. You would have very much breached the prudential lending limits in July '06. How do you reconcile that, because you were effectively, by the end of 2006 you were breaching these limits significantly and by 2008 you were way ahead. You were ... effectively, you could have about 250% of own funds in two related sections. You were at 390%. How do you reconcile that Mr. Sheehy?