Kieran O'Donnell (Fine Gael) | Oireachtas source

As I understand it, there is a global restructuring group, so that people outside would assume that Ulster Bank Ireland was working through these businesses, yet 90% of the loans were flogged on to vulture funds. The term "global restructuring group" is not an accurate reflection of what was happening. Why did Ulster Bank Ireland sell on its loans to the vulture funds? When did it happen?

Does Mr. Blair agree that "global restructuring group" is an accurate reflection of the purpose of the group, because effectively the purpose of that group appears from the outside to be the home of loans that were inappropriate for the balance sheet, and having them hived in, the bank flogged them on as quickly as it could.