Mr. Frank Daly:

If Deputy McDonald had stopped before "despite", it might surprise her to know that I would have fully agreed with her and the first part of her statement about NAMA standing over the statement that we had no knowledge of Frank Cushnahan's involvement in this until March 2014. We can agree on that.

I think Deputy McDonald said that I am alleging that PIMCO mislead us. I did not. I am saying that I believe PIMCO should have given us information that it had in 2013 and which was relevant to conflict of interest issues. I do not know why PIMCO did not give it to us and we have written to PIMCO to find out. We would be quite happy to share that.