Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Another question, Chair, if I may? In terms of your communications with the AIB audit committee, and you referred to this in your opening, your witness statement, page 7, that between 2004 and 2007, those communications would have included the identification of risks relating to, or arising from, property funding and liquidity, and I assume that the extracts you read out there to Deputy Phelan a few moments ago were from those communications to the audit committee. When was the first reference made by KPMG to the AIB audit committee in respect of the concentration risk relating to exposure to property and construction? In your commentary a while ago, it appeared to be 2006 that the first specific reference to that risk, concentration risk, in property and construction.