Edward Timmins (Wicklow, Fine Gael)

I thank the Chair, and I thank the witnesses for coming before us. I have four questions. The first relates to fraud generally. Mr. O'Connor can decide whether it is answerable. My question comes from my own work experience dealing with transfers of funds. Does the NTMA have a system of making telephone call confirmations in all cases of drawdown requests? I know it is often done by US banks. If you control a US bank and are based in Ireland, when a transfer request is made, the bank will phone to ask if you requested the transfer of €20,000, for example. Does the NTMA has a similar system whereby if someone makes a drawdown request for the transfer of €5 million, it automatically triggers a phone call to the requesting party it believes the email or other form of correspondence was sent by? Does the NTMA do a phone call check before the transfer is made?