Michael D'Arcy (Fine Gael) | Oireachtas source

Okay. I'll read it out:

Furthermore, the mortgage system does not automatically flag cases of underwriting outside discretionary levels or credit policies. Identification of such exceptions is a manual process, done by looking at two of the loans approved per member of the Underwriting Team a week. If a loan is underwritten outside of discretion[ary] levels, and the underwriter omitted to catalogue this loan in the Exceptions Report, the only way it could be detected would be if the loan in question was selected as one of the files reviewed each week.

Can you outline your concerns in relation to that type of practice that effectively left loans that are outside the discretion off the books?