Mr. Fintan Drury:

I think the issue around the remuneration of people in financial institutions has been ... I didn't hear her evidence, but taking what you've said as representing what she ... her point, I think she's right in the sense that historically, and again today, despite what's happened, and I don't mean in Ireland, I mean globally, again today we see evidence all the time that people in financial services institutions get paid phenomenal amounts of money for doing the work they do. And the basis on which they are entitled to those significant sums, and entitled to very significant bonuses, are out of kilter with how financial ... or with how remuneration is structured in other areas of industry, it seems to me.

So I think what she has expressed, as a former director of a mutual, is a view that a great number of people feel, and even people who have had exposure as she has and as I've had ... have had exposure to the financial services sector. But the market sets these ... I'm not saying its right, but the market does set these rates and remuneration is generally tied to performance of the institution, if not of the individual.