Ms Ann Nolan:

Okay, I have to be careful what I'm saying on this issue but, just to put in context, the chairman and chief executive of Anglo resigned on, I think it was 18 December the previous year. On the 21st we announced that ... we had previously announced that there was capital available, on the 21st we announced that it would be divvied up by, I think at that time, €2 billion each for Bank of Ireland and AIB and €1.5 billion for Anglo - any that were most in need of the capital ... of the three of them ... most immediate need. We had deep concerns about recapitalising Anglo without nationalising it, simply because of the issues that had led to the chairman's resigning. So we prioritised the due diligence of Anglo. We sent Arthur Cox in to do a legal due diligence to see were there any other issues which might have to be dealt with.