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

Okay, well that's fair enough. Finally, I wish to ask you in relation to ... it is core document 2, pages 3 to 5. I'll get it myself, yes, "Exceptions to Credit Policy for Anglo Loans Transferred to NAMA". Information provided by the special liquidators on exceptions to credit policy for loans transferred to NAMA shows that the aggregate value of exceptions identified was almost €32 million or 92% of the value of the book which transferred to NAMA. Can you explain for the committee why the level of exceptions to credit policy was so high?