Mr. Frank Daly:

We did not throw any rulebook out the window. At the end of the day, the NAMA board sets the policy. If it decides along the way that we want to modify a policy or that there is an opportunity that needs modification of a policy, that is absolutely within its remit. It would not be throwing the rulebook out the window; we were set up to be a commercially minded organisation to try to get the best value at the end.