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

Okay. Can I put to you that when the lawyer and academic, Bill Black, appeared before this committee, he was asked about these types of concentrations and he said and I'll quote:

I have never seen a concentration that high at any financial institution of any size anywhere in the world at any time in history. It is absolutely - no question ... no ifs, ands or buts - utterly unsafe and unsound and I would [... I would] have begun efforts to stop it immediately. At those levels we would have been gearing up for receivership.

What is your views in relation to Bill Black's testimony to this committee?