Mr. Pat McArdle:

I heard about it on the radio too. I had no interaction with the management in Ulster Bank about it. For my view on it, I would have agreed with ... I would have taken the view that if I were Government, I ask the experts what the situation is. There's no point in me giving an opinion on that. But, for what it's worth, the regulator told an Oireachtas committee on 14 October that all banks were solvent, so I would probably have believed that at that stage.