Mr. Derek Moran:

I said it became a formal conditional programme in the third review. The discussions about a relationship framework were happening from the beginning. I have emphasised that it was a matter not just for us. The negotiations included multiple partners including the Department and IBRC, but there was also the negotiation of relationship frameworks for the other banks, the three members of the troika and the Directorate-General for Competition. It was negotiated over a prolonged period of time. While it would have been much better if it had been put in place earlier, nobody was sitting on their hands and ignoring the issues. The issues had to be worked through.