Mr. Cormac McCarthy:

So people stopped doing the two times gross income because it couldn't take account of the take-home pay, and switched to a net disposable income, and that typically fell in around the 40% to 45% level. And if you look at the typical mortgage portfolio that was written in Ireland say between the mid-90s and say, 2008-09, that typically would have been around the 45% level. So 45% of net disposal income was the typical, typical stress test or hurdle for repayment.