John Paul Phelan (Carlow-Kilkenny, Fine Gael)
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Previous speakers have referred to transfers from Bank of Ireland to NAMA. I've done a bit of investigation since that question was asked and it turns out that 73% of connections transferred across from Bank of Ireland to NAMA were subject to some sort of exception at the time, there was 191 connections, 139 exceptions, €8.8 billion worth of €9.8 billion transferred across were subject to some sort of exception. Can you explain for the committee maybe the relationship, the strong relationship that appears to exist between the transfers to NAMA and the fact that those loans were subject to exceptions?