Joe Higgins (Dublin West, Socialist Party) | Oireachtas source

"The inspectors reviewed 61 files during the inspection, 46 different issues were noted during the review and details of these are outlined". But some of the main issues are:

The inspectors noted that a number of files had insufficient documentation, were difficult to follow and it was not always evident that all required documentations had been received and filed ... There was no confirmation of the amount of rental income ... used in the calculation of DSR in a number of cases

And there's other related matters ... the use of the term "nixers" in a branch assessment and the use of income arising from nixers in assessing a mortgage application.

Now, Mr. Torpey, this observation here by the regulator ties in with evidence that was given to the inquiry by the chairman and chief executive of NAMA, who found that there was insufficient documentation, insufficient checking of creditworthiness of individuals and projects etc., which created huge problems for many of the banks later. But you say there was no problem in Ulster Bank?