Ms Marie Hunt:

Senator Michael D'Arcy's questioning was in relation to Europe, if I picked it up correctly. I am saying, when one has a big jump in one country, invariably, if one looks across lots of different countries, it would not be unusual to see a similar pattern emerging because it is a global market. Capital flows are global. If it was a trebling in Ireland and that trend was not coming through in any other jurisdiction, it would have raised alarm bells, but if the entire market in lots of different countries was growing at a similar rate, it certainly would not have.