Mr. Frank Daly:

I understand the origins of the Northern Ireland advisory committee. I understand the sensitivity in terms of North-South stuff because of NAMA having control of such a large portfolio there. Certainly, in my time as chairman and in all the time on the Northern Ireland advisory committee there was a sense that we were going to make absolutely sure, as the board of NAMA, that that committee talked only about strategic issues and did not get into any debtor activity or debtor information or insider information or anything like that.