Mr. Frank Daly:

Deputy Connolly is speaking about risk assessment in a very formal sense, such as going to a risk committee, etc. We did not do anything like that. I think this was explained to the committee when the other directors were before it. The full board was considering it and a risk committee is a committee of the board, that is, of all board members. The risk assessment around this is taking the offer and the process and looking at the outcome, setting a minimum price and deciding that this is the best outcome for NAMA.