Mr. Paul Dobey:

In the case of AIB, we knew AIB would have some sense of the securities they had. They would have other security that they might have liked to have. When the downturn hit, there was that issue that you've referred to of multiple borrowers having borrowed from multiple banks and that was very, very difficult for the banks to resolve because each bank then was scrambling to strengthen its security position and, actually, I think, in that regard, NAMA was very helpful because NAMA could get all of those borrowers under one roof and resolve the security package together. So, there was that issue in relation to resolving the position in relation to borrowers but AIB would have known exactly what securities it had, it just mightn't ... might have liked to have more ... as the position in the economy deteriorated and there was a scramble for security.