Mr. John McDonnell:

Senator, yes, I am aware of the meeting. I personally didn't attend. We did attend the meeting, but I think the meeting ... I think the meeting that KPMG referred to last week was the meeting that the accounting firms had with the regulator in the context of accounting for financial instruments as a result of the liquidity crisis. And what happened at the time was that we had the subprime crisis in late 2007 and, as a result of that, there was a number of issues around how one would value securitisation vehicles, but, in particular, the credit aspect of financial ... of financial instruments. And we, indeed, and it's in the book of evidence, would have written to Bank of Ireland in that context in September 2007, highlighting the issues that people were considering. And that was the meeting that the four firms had along with the institute with the Central Bank I believe, and it was really to discuss valuation-type aspects of ... arising from the subprime crisis and liquidity crunch resulting from then.