Mr. Alan Gray:

Deputy, if I ... if we were advising them on Central Bank issues, I would have felt there was a conflict of interest, but that has never been the case. And as soon as I was appointed to the board of the Central Bank, in January 2007, I wrote to the Standards in Public Office Commission, described the type of work we had done for Bank of Ireland and asked did they consider there could be any material conflict of interest. And I got a formal response from the Standards in Public Office Commission on 9 February 2007, which said there is no basis to conclude that there could be material influence in the performance-----