Mr. Jonathan Sugarman:

I said we have to get a handle over this. I was signing off reports daily and I did not fancy five years in Mountjoy so I needed to know what was happening. In order to do that, I was made aware of a London-based IT company which specialised in finance and regulatory calculations. At the time these new requirements came into force, this company was the leading company in Dublin doing these calculations. This company was based in London but it was well-versed in the Irish requirement, and rather than going to find another company, I thought I would avail of their services myself. Its leading client in Dublin at the time was an Irish Bank called Anglo-Irish Bank.