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

Okay. Can I ask in relation to the 100% mortgages issue, which previous speakers have touched on in questioning to you and you've pointed out that other products existed in other financial institutions at the time prior to the marketing initiative that Ulster Bank undertook, a direct quote from last week, Mr. Goggin, former chief executive of Bank of Ireland, I want to specifically quote what he said. He said that, "The pioneers of 100% mortgages was Ulster Bank, through First Active, and we actually, when the concept of providing 100% mortgages was first raised at a group risk policy committee, my recollection is it was declined and by the time we came to providing 100% mortgages, we were very much a reluctant follower." Do you believe that Ulster Bank ... or that analysis, that Ulster Bank effectively were the drivers because there was a significant marketing effort made for this particular product?