Mr. Seamus McCarthy:

It was a recommendation I made that it set target rates of return for disposals and for investments. NAMA disagreed with that on the basis that it did not want to set those kind of targets because it wanted to be able to avail of commercial opportunities when they arose. I should say that my recommendation was a process recommendation, not a recommendation as to what those rates should have been, just that they would be a useful guide to NAMA in its business.