Mr. Michael Torpey:

Perhaps I'll address that first, Chairman. I think in terms of events on the night of the guarantee Deputy, I've no knowledge whatever. I left Ulster Bank at the end of 2007 and in fact I was not working in the financial services industry and for very much of 2008 not even in the country. So that I have no knowledge, frankly, as to the events leading up to, surrounding or immediately following the night of the guarantee so regrettably, I can't offer any assistance on that front. Equally I am entirely uninformed as to the detail of the circumstances that gave rise to the guarantee and as such, any opinion that I would have would be at risk of being worse than unhelpful but misleading simply because of the lack of information I have. Thank you Chairman.