Michael D'Arcy (Fine Gael) | Oireachtas source

Yes, okay.

Irish bank share prices have continued to fall and have lost between 30% and 50% of their value since start of ['07]. Notwithstanding the posting of good results by [a bank] ... its share price fell by 6% that day, at one point falling 8%, perilously close to the 9% figure at which trading in a share is temporarily suspended. The decrease in value of Irish bank shares has been greater than in other countries. There is a general discount in the value of Irish banks as there is a perception internationally that they are exposed to property market - reinforced in a 7 November report from [another institution] setting out a negative perspective in the Irish banking sector because of property exposures.

Now that was in a report to the DSG, of which you are a member, I believe.