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

Well, let's tease it out a little bit further. When you were examining Ulster Bank, the Governor of the Central Bank, currently Patrick Honohan, said in the Economic and Social Review summer 2009:

A very simple warning sign used by most regulators to identify a bank exposed to increased risk is rapid balance sheet growth. An annual real growth rate of 20% is often taken as the trigger.

And if you look at Ulster Bank loans and advances to customers, they grew massively in the mid 2000s - not exactly the same as balance sheet, but it gives a good indication. Now, would that for you not raise, you as an experienced auditor of 30 years standing, raise serious issues that should be brought to attention, even if you weren't required legally to do so?