Mr. Brendan McDonagh:

From NAMA's point of view, we have always been a lessons-learned, continuous improvement organisation. If there is something that can be improved, we are always anxious to improve it. If anyone wants our advice, we give it. My colleagues and I regularly give advice to other countries that are considering setting up debt management agencies in respect of issues they need to deal with and anticipate. We do that quite regularly. I would like to think we are quick learners and can adapt quickly and that we learn from any matter that arises. We have put considerable resources into our controls and internal audit. I do not mind telling the Deputy that I have quite a difficult audit committee, which is very demanding and does not like seeing any audit points raised in respect of NAMA. If it does, it makes its concerns or unhappiness known to me and tells me to sort it. Thankfully, over the years, we have improved our controls and mechanisms such that we get very few audit points at this stage.