Peter Burke (Longford-Westmeath, Fine Gael) | Oireachtas source

I welcome Mr. Long and thank him for presenting to the committee today. The closing price was a £1.24 billion deal. We have been made aware at this stage that first, the data room was managed by the client which was a major organ of the Irish State in one respect and backed by the taxpayer. Second, a verbal briefing was given at an initial meeting between Lazard and NAMA of which we have no detailed record to revert to now to assess what conversations were held in terms of the objectives of the sale. We also know there was no advice in terms of strategy, timing and value of the portfolio. We also know that there was a very tight timeframe in which to execute the sale. In terms of Mr. Long's professional approach as an adviser, would he consider that a prudent approach?