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

Okay. What ... can I ask you, I'll make a quote because Mr. Dan McLaughlin came before the committee and he said and I'll quote him:

The other thing I would point out is the major losses in Irish banks were not in residential property, they were in commercial property ... in commercial property. Not many people, if I recall, wrote anything about commercial property, and that was what caused the damage for Irish banks' profitability and caused them to require significant capital inflow.

I'd ask you two things. Do you concur with that statement? The second thing is, as chief economist, who had the ability to commission papers on commercial property, what did you do, when did you do it and what did you do with those papers if they were commissioned?