Mr. Joe Walsh:

As a member of the bank's nomination of governance committee, I would have spearheaded an insistence that the Bank of Ireland comply with the various regulatory authority missives that I outlined in my original statement. Similarly, I was very strong on the fact that compliance was fully adhered to concerning the subscription agreement and the Minister's letter. As we know, there has been some public commentary about the lack of regulation in banking up to then. As a public interest director representing the State, which has a 15% holding in Bank of Ireland, I felt that I had to be strong on those areas in particular.