Ms Fidelma Clarke:

Well, certainly on the basis that I think one of the recommendations in support of the decision to approve the "Step Up" strategy on land and development in 2005 was the recruitment of people with expertise and experience in land and development lending indicated that those skills were not in the society. I think I have made reference earlier to the fact that in the 1990s, five or six of the executives and most senior people, including the chief executive officer, were ex-ICC people. They had a huge amount of expertise in, in commercial lending. I think one of the lessons learned and, you know, one of the things we can see now looking back is that because Ireland went through 15, 20 years of quite a benign economic climate, the people who'd, you know, cut their teeth in credit by lending and maybe making losses, all of those people had passed through the system by the time, you know, the mid-90s had come and that was reflected very much, I believe, in the fact that when we were trying to get our hands around the extent of this problem in 2008, 2009, 2010, we had to bring people back out of retirement from other organisations to help us or people over from England to help us to help us get our hands around how do we go about managing that.