Michael D'Arcy (Fine Gael) | Oireachtas source

Yes. I'm going to qualify that now, Chairman. In evidence, Mr. Donal Forde, when asked, "Did you understand the flaw in [the] standard when it was introduced?", he replied, "I had a view that it wasn't an appropriate formula". That view was held by all the senior people in AIB. Subsequently, in Mr. Eugene Sheehy's evidence, he stated, "It's a totally nonsensical accounting standard from a banking point of view", and "We discussed whether we should go to the regulator with our concerns". Could you offer your view, for both gentleman, in relation to those statements from those very senior banking officials within AIB?