John Paul Phelan (Carlow-Kilkenny, Fine Gael) | Oireachtas source

Okay, okay. I want to reference your opening statement. I think it's the seventh page but it's numbered as No. 9. The first paragraph ... the bottom of the first paragraph where you say, and I quote, "All understood the necessity for EBS to expand it's business and improve profitability. I would go as far to say we were encouraged to expand and become more commercial." In fact, at the start of that statement you'd referenced the regulator and Fitch and Moody's and a number of other bodies. Who was encouraging you? Because you seem to be indicating there that it's an external encouragement rather than an internal encouragement.