Mr. Fergal O'Leary:

I will clarify my remark in terms of hope. Hope is the optimism that we as an organisation have that this can be resolved amicably. What the regulator demands is evidence that things are improving. That is the situation. Over the past couple of months, we have seen significant improvements made in policies and procedures and in the capacity of the executive and of the board. To address the Cathaoirleach's question, we need the fixed asset register because that underpins a whole host of further actions. What I am also looking for from the trust - the current chair is very open in his desire to engage with us on this - is what it believes the organisation will look like in future so that it can provide the assurance to this committee, the general public, the regulators and all of the funders that it has fully scaled up. As the Cathaoirleach will appreciate, structural change is going to take time. For the past couple of months, we have been focused on stabilisation and making sure things are not getting worse and are getting better. That is the case, but we have a way to go.