Mr. Eugene Sheehy:

Mr. Treble wrote a report in the spring of '09 as a look back at what went wrong. He also had ... he was a treasurer, you know, for part of his time, so he would have a view on this and a responsibility .... The loan-to-deposit ratio that we had was targeted to be in the middle of our peer group and if you look at Regling & Watson, page 34, table 12, you'll find that AIB was 143%, Bank of Ireland 173%, Anglo 127% and others up to 250% - that's Irish Life and that's ... I just use data points to show you how unreliable a measure a loan-to-deposit ratio is, because the far more important one is the adjusted loan-to-deposit ratio which imposes constraints. You could fund ... you could have huge amounts of deposits that were very volatile and very short.