Marc MacSharry (Fianna Fail) | Oireachtas source

Ten. It is only a short reference and I'll be quoting it directly but I'm just mentioning it for you. "Should there be a default on a loan, there is an additional risk that the collateral securing the loan is insufficient." It later says in the same letter, "Our controls testing focused on the credit review process and the role of the Credit Risk Committee in assessing asset quality and approving impairment provision." Further, it later says, "We concluded that the credit review process is robust and that there are suitable controls around the processes."