Mr. Declan Reid:

In turn, the Minister, Deputy Noonan, passed that interest on through myself to NAMA. The committee will see the response that the Minister, Deputy Noonan, provided back to Mr. Wilson, expressing that this was an issue for NAMA. Two considerations that were present in the Brown Rudnick letter were specifically addressed in the response from the Minister, Deputy Noonan: first, that any process would have to be open and competitive; and second, that any matters regarding exclusivity could not be considered.