Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Yes, thank you very much Chair. Mr Fitzpatrick, can I just, by way of example, I've been looking at the 2007 financial statements for Ulster Bank Ireland Limited and there is reference in the ... in the report of the directors to risk management and the key risks are cited and one of them is credit risk, and then note 25 is much more detailed in terms of risk management. But what would you understand to mean from credit risk in that context, as a risk that the bank was facing?