Mr. Seamus McCarthy:

I do not want to speak specifically about Maynooth because I have not looked at this precise point.

If one is using subsidiaries to deliver parts of one's business, then one needs to have a part of one’s risk register dealing with that. For example, what if there are trading aspects or control of intellectual property as we have had in other institutions? One needs to identify what are the risks and where can this potentially go wrong? What systems and controls do we need to have in place to ensure it does not go wrong, or if it does, that we can respond appropriately?