Mr. Richard Burrows:

I would, Chairman. And as I said in my opening remarks, I think it was a very important element of the comprehensive approach that Government took to resolving the problem of the Irish banks and it couldn't have worked without NAMA because banks like Bank of Ireland would have been unable to raise fresh capital unless they had been able to transfer the suspect loans in relation to property off their balance sheet. That brought certainty to any new investor and absent that, you wouldn't have people prepared to put money into a bank.