Sean Barrett (Independent) | Oireachtas source

I just want to, Mr Torpey, arising from his presentation today, Chairman. On page 6, you say that the treasury was transferred to Royal Bank of Scotland. On page 7, accounting functions, accounts production, regulatory reporting and accounts payable were transferred. Yesterday Mr. McCarthy said on his page 7 that Ulster Bank branches had no lending authority and everything was referred to Credit, with a capital "C".

It is obviously in the section. Was the Ulster Bank just being hollowed out by the Royal Bank of Scotland?