Mr. Jim O'Keeffe:

Just to explain, as the Deputy has said, we have a dual role, of which the committee and the Chairman will be aware. The bank remains ever grateful for the injection of money that was put into it to support our customers at a very difficult period of time. As I said, we recognise that we started off with €30 billion of debt in non-performing exposures. There were two pieces which the Deputy correctly highlighted, in that we needed to deal with that debt from a prudential point of view but also from a customer point of view. To do that, the board has very clear oversight of the strategy and treatments that we provide for borrowers. Obviously, not every case will go all the way to the board of the bank. The Deputy mentioned mortgage-to-rent. We take a very significant debt write-down on a mortgage-to-rent deal as the ownership moves over to make that viable for the mortgage-to-rent entity that is buying the product.