Mr. Brendan McDonagh:

Clearly, there was concern in NAMA. When we found out on 3 April, when Cerberus told us that it had taken on Brown Rudnick and Tughans, we sought an undertaking from it that there was no fee going to anybody connected with NAMA, either at the time or formerly. We were given that undertaking. Cerberus told us that it had given us this undertaking only after it had received confirmation from Brown Rudnick and Tughans that they had complied with the foreign corrupt practice Act and the UK Bribery Act. I think we have given these emails to the committee also. Cerberus gave us that undertaking after it had received confirmation from Brown Rudnick and Tughans. Given what had happened, we were doing our best to ensure nobody connected with NAMA was involved.