Ms Aideen O'Reilly:

Yes, and that was the position of the board on 11 March when it considered the disclosure from PIMCO, which was that this Frank Cushnahan matter was a very significant issue for NAMA, and we have rehearsed all the things he was not, all the information, and the influence, he did not have but leaving that to one side, there was a significant potential conflict here, which the board considered would be dealt with by PIMCO's withdrawal. PIMCO was now withdrawing, which was effectively dealing with the Frank Cushnahan issue.