Mr. Brian Rowntree:

I was not a party to the formulation of the calculations that supported the tender or bid acceptance. I am sure those who were seeking to acquire the portfolio did their homework; therefore, on the other side, one has to look at whether the value was maximised. There are differences of opinion between the Comptroller and Auditor General and NAMA on the determination of value, but then one gets into the issue of corporate governance. That is why I said in my opening remarks that it behoved someone to conduct a corporate governance investigation into this process and produce an independent corporate governance report that would look at how the various processes were controlled and regulated, as well as at the validity of the assumptions and decisions made and how they were evidenced.