Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

Thank you, Chairman. Mr. Burrows and Mr. Crowley, welcome. Can I go to document Bank of Ireland - Vol. 1, B2, and the page I'm looking at is page 89. It's effectively to do with stress testing. It's dated 3 April 2006, addressed to Mr. Liam Barron, who was with the Central Bank. And the question I suppose I want to ask is that your sensitivity analysis appears to have very much revolved around mortgages versus non-mortgages. Did ye look at different type of stress testing ... the correlation between property being ... the type of property, whether it was commercial development land, speculative landbanks, and how it was being financed? And when you're dealing with that, Mr. Burrows, could you also address that on page 90 you speak about the projected ... when you're looking at the general ... that your sensitivity analysis ... the projections assume capital raising in the years '06-'07, '07-'08 and '08-'09 of the order of about €4.3 billion. And you said ... if the funding was not raised with "Shock 1 Scenario" that you basically would just be meeting your minimum regulatory capital requirements. Did ye raise any of that money by way of capital? And, just the sensitivity analysis ... it doesn't appear to have gone into any great depth. And what type of reduction in falling property values did ye factor into your sensitivity analysis, in worst case scenario?