Mr. Liam O'Reilly:

Before beginning my oral statement this morning, I would like to make the following two corrections to my written statements to the inquiry, dated 14 May 2015.: at page 2, section 1.2, paragraph 2, the second sentence should read: "The other directors consisted of six Financial Regulator board members, together with five other members appointed by the Minister for Finance"; (b) at page 5, section 2.5, last paragraph, the first sentence should read: "Modest increases in capital requirements were agreed by the board in 2006 subsequent to my departure."