Mr. Jeremy Masding:

I think I misunderstood the Deputy's questions. Let us go right back to the start and I will take the Deputy through the journey. I will not repeat the non-performing loan, NPL, story. The Deputy knows where we are at. I am the chief executive, and while the governing objective of a chief executive is to manage the capital of the bank which the taxpayer gave us, obviously in terms of that governing objective there are also other tests that I have to pass, one of which is right customer outcomes. That is how I think. As we constructed the deal, we have a series of stakeholders we must consult. In my case, as chief executive, and in the case of Mr. Eamonn Crowley, the chief finance officer, the stakeholders include the board of the bank, the Department of Finance, the prudential side of our banking regulator and the conduct side of the banking regulator. I can assure the committee that we followed the right protocols in terms of dialogue with each of those stakeholders which led us to completing the transaction last week.