Susan O'Keeffe (Labour) | Oireachtas source

Because we had quite a lot of engagement with the bank in relation to that and some of the observations that the witnesses said, was that they were concerned at the time that the Financial Regulator they had wished that there might have been more on the ground conversation rather then the Financial Regulator going away and writing back to them. But Mr. McCarthy said on ... it's on page 77 of his own evidence he said, "...we self-raised them, the regulator was aware of them, we took significant steps with Royal Bank of Scotland to fix them, and by the end of 2007 they were fixed."

There has been a long, long series of correspondence 2003, 2004, 2006 and again in 2008 in relation to commercial property. So I'm just wondering how much of an issue it was ... what was the auditor to do? Were you to encourage Ulster Bank to fix those problems, to make sure that they were fixed to see evidence? I'm just not clear of what you ... if you like in plain English what would you have been doing?