Mr. Michael Torpey:

Deputy, the Dublin Mortgage Centre was established as a result of integration of mortgage systems in ... in 2006, the middle of 2006 I think is when it was established. It's not strictly in my remit but I'll answer as best I can from my general knowledge of the situation. Following the establishment of that mortgage centre, weaknesses emerged ... there was an internal audit requested, I believe by the chief executive, although I'm open to correction on that, and it did turn up very significant issues which led to an immediate escalation of the concerns and did lead to an immediate bringing in of resource from RBS Group who, as I've stressed earlier, take these things very seriously, to remediate the issues as quickly as possible, because ... I would, you know, that ... an audit report like ... such as this does not make good reading. I don't offer it as an excuse, that it had just been newly set up. I think the only good thing that can be said about an audit report like this was that it was undertaken quickly after the establishment of the Dublin Mortgage Centre to establish the weaknesses and ... so that they could be escalated, addressed and put to rights.