Mr. Jonathan Sugarman:

Given the events of September 2008, which were brought about by the fact that all the indigenous Irish banks had run dry of liquidity, surely somebody should have said hold on a second the bank has a banking licence - I presume they all do - and that under the terms of the banking licence, this is how we told it two years ago to measure its speed so how can it possibly come to us a year after the implementation of the new speed measurement and tell us that it is at zero.