Ciarán Lynch (Cork South Central, Labour)
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Okay. Thank you very much.

Mr. McCarthy, I just want to deal with the issue of remuneration there just for a moment, and refer to core document UBI - B5. There is in that, there is a description of remuneration schemes in period 2001 to 2008, and there's also a list of top ten bonus payments and share option awards for each of First Active and Ulster Bank for the period of 2001 to 2008. In specific, I want to draw reference there to page 9, and if I could maybe put the question first to you that the salary bonus and pension plans offered to the senior executives of Ulster Bank were significant, and on reflection, do you believe that they were justified and appropriate for an Irish financial institution?