Mr. Gary Hynds:

There was a sea change whereby oversight was formerly governed by a relationship framework between the State and the board of management of IBRC, as it was. That completely changed on the date of liquidation, when a liquidation phase began, a liquidator was appointed and our oversight changed in that respect. It is difficult to compare the two periods in that manner. The relationship framework no longer existed and the special liquidators, whose role was akin that of a normal liquidator governed by the High Court, were appointed. Our role was to oversee that rather than the courts for reasons we will get into in due course but currently cannot because of the ongoing case.