Pearse Doherty (Donegal South West, Sinn Fein)
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Go raibh maith agat, a Chathaoirligh, agus fáilte roimh an t-Uasal Boucher chuig an coiste. Mr. Boucher, your institution showed an increased reliance on wholesale funding from 2005 on, to finance growth in the loan portfolio, and I'm referencing here core documents, BOI - B3, page 15, which shows that wholesale funding in March 2004 was 30% of the balance sheet and was forecasted to increase two years later to 44%. Given those quite dramatic increases over a short period of time, were you aware of the issues at that time and did you regard this as a fundamental risk to the bank?