Mr. Derek Moran:

To go to the heart of this, many of the problems were around the change of Anglo Irish Bank, or IBRC, from something envisaged as a bank to something that was winding down. The transactions we are talking about here are quintessential to a winding-down process, which became the normal course of business and started to fall outside the relationship framework in terms of access to information.

It started to fall outside the relationship framework in terms of accessing information on it. We will probably continue to disagree on the question of passivity.