Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Okay. Okay.

Can I ask you in relation to financial reporting, the same report and this is on page 29, section B, the reference on the screen is PWC00047–029. It makes the following observation with regard to:

The high level of aggregation in the choice of loan types used to disclose credit risk information. Only 3 classes of loan exposure are disclosed being mortgages, personal and commercial. This choice assumes that loans in each class share sufficiently common credit risk characteristics. In particular this could be open to challenge in the single “commercial" class. Management note that their approach is generally consistent with market practice.

So, the managers made the point that this was market practice yet PwC still felt the need to highlight this issue. Why would PwC have seen the aggregation of commercial loans into one class as an issue?