Mr. Edmund Honohan:

Happily enough, the letter from 9 June 2022 – the first of the letters – states, at the top of page 3 and having regard to generally accepted accounting principles:

While the Central Bank is not the competent authority for accounting standards, the Central Bank expects all regulated entities to adhere to the law and to prepare their accounts in accordance with the applicable accounting standards.

There is an assurance from the Central Bank to me last year that the accounting standards are being adhered to. That is not the case. It is that it has an expectation that they will be adhered to.