Mr. John McDonnell:

Bank of Ireland’s year-end was 31 March 2009. We would have been very heavily focused in on the audit of going concern in Bank of Ireland. Bank of Ireland were in a slightly different position than AIB because it was three months later. At that point in time, the bank had been recapitalised through the preference shares from the State. The bank had ... the Government guarantee was in place. And, lastly, the Bank had had a number of conversations with the Central Bank with regard to the availability of emergency liquidity, although I will say that the bank had not drawn down any emergency liquidity at that point in time. The bank, I believe, although I’m not certain, had started ... may have started to use some of its securities to repo them with the ECB in terms of raising money from the ECB.

We would have focused very heavily in on capital. The capital was in place. The Government undertakings were in place. Liquidity - the bank had detailed conversations with the Central Bank as to the availability of funds.