Mr. Derek Quinlan:

Yes, we at the time ... hindsight, as I say, Deputy, is 20:20 vision, but, at the time, there was no sign out there that any of the Irish banks were stressed. You know, as I say I am only quoting from the Oliver Wyman report to the World Economic Forum at Davos, which is a very prestigious meeting that takes place every year, and a firm of this repute would not be making that statement about an Irish bank without some hard facts at the time. They don't do that kind of thing.