Mr. Brian McEnery:

The reference the Deputy makes is on page 158 of the Comptroller and Auditor General's report. I draw the committee's attention to page 118, which occurred immediately after that.

The calls referred to on page 158 were on 11 March and 12 March. The minute on page 118 states: "Following the recent disclosure by PIMCO Legal and Compliance units of the existence of a success fee sharing arrangement in relation to Project Eagle negotiated by PIMCO's commercial team (first disclosed to HoAR and..., NAMA legal via conference call on 10th March 2014) PIMCO had sought NAMA's acquiescence to this which NAMA had not acceded to."