Mr. Richie Boucher:

Well, just as I explained in my earlier testimony, that was part of a wider restructuring of corporate. It was a consequence rather than a deliberate, "We must do property". It was, like, we needed to restructure what ... corporate. We needed to also restructure risks that were being taken in retail which we felt should be taken in corporate. As it transpired, and if I listened to the testimony, and what I viewed in AIB, AIB were taking much higher property risks within their retail division than we were, and that subsequently turned out ...but, nevertheless, we had an over-focus on property. We focused on lending in a lot of other areas but we ended up having lent too much money to property.