Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

I just want to ask you in relation to evaluation panels, you mentioned that they were generally organised and managed by the financial institutions and I'm interested to see how those panels created competition between valuers ... amongst valuers ... and also in relation to the Central Bank's report that you mentioned on ... on page 4, "Valuation Processes in the Banking Crisis – Lessons Learned", I would ask you to give comment to the weaknesses identified by the Central Bank, where they say, there was appointment of valuers without sufficient qualifications, appointment without evidence or sufficient professional indemnity insurance, appointment of valuers on the basis that they were customers of the bank, utilisation of valuers without the appropriate experience for the particular assignment and inadequate or no review of panels' members' performance. And given the finding of the Central Bank in relation to that, what action did the IPAV take or were you unaware that this was happening during that period?