Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

Okay. Just finally, Mr. Brendan McDonagh from the NTMA, when he was before this inquiry, spoke about the INBS business model. In one comment he said, "I think we might, and I speak again personally here Deputy, I think a few of my colleagues and myself would have been sceptical about the business model of INBS and Anglo Irish Bank." That is in regard to the NTMA's perception of your institution. Mr. McDonagh then also went on to say:

Yes, that we had concerns about placing the deposits, particularly in INBS and Anglo. We stopped placing deposits.

Do you have any observations or comments that you would like to say with regard to Mr. McDonagh's comments about your institution?