Mr. Seamus McCarthy:

In regard to working papers of the examination and the exchanges around drafts, I have a concern because the commentary was on the analysis we did and the drafts we presented. There is possibly enough confusion around one report without adding four further drafts and why every change that was made was made. The process we went through was a process of refinement. Certainly, we got some things wrong. Where NAMA was able to show us that we were wrong, we were happy to change and we made the changes. There is redrafting, reshaping and so on-----