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

Can I ask you this here ... because one of the Central Bank's findings is the point about the relevant experience, where they talk about where "there were instances in which valuation appointments were not assigned to valuers with the requisite experience and inappropriate valuations were utilised by the credit institution[s]". So would there not be a situation where somebody could be accredited to you, but would work in a market which would be ... maybe the housing market, and then is providing a valuation for a major commercial property development that may be happening in the region that they operate but, therefore, wouldn't have the necessary experience? It appears that what you are saying is, all the people that signed up to IPAV were okay, it's the other ones that didn't have the experience and so on. But is it not the case that actually valuations were done ... what the Central Bank is finding is that valuations were done by valuers who didn't have the experience to do those valuations, while they may have experience in other areas?