Catherine Connolly (Galway West, Independent) | Oireachtas source

First of all, I welcome this opportunity to hear from the Comptroller and Auditor General again. He has shown great dignity in listening to a narrative which is quite the opposite of that which is contained in the report. It is good that Mr. McCarthy is getting the opportunity to look at that today.

On the issue of fair value, I am a little confused. There are three values at play. There is the value that had to go into the accounting reports if one was to sell all the assets in a fire sale. Then there is the fair value and a third one-----