Mr. Pat Fitzpatrick:

All of the larger bodies have registered with the regulation office. The annual reports produced in that regard consolidate the global accounts of the tier 3 bodies. There is considerable interaction with the larger bodies in the form of meetings. For example, the regulation office meets each of the larger AHBs at least once a year, examines their financial, business and growth plans and considers the organisations' viability. The larger AHBs are delivering a significant number of units and taking on a great deal of debt finance. Since they pose the greatest risk, they are the ones on which the regulation office focuses most of its regulatory efforts.