Mr. Seamus McCarthy:

I will speak to a point made by Deputy Patrick O'Donovan about having staff permanently in NAMA. I do not have staff permanently in NAMA. The staff are there for large parts of the year to carry out financial audit work. Typically, they would be there between approximately September and May and they would not be there over the summer months. As I said, they would be engaged in financial audit work directed towards giving an opinion as to whether the financial statements give a true and fair view. We only get information for the purposes of the audit. In case anybody is under a misapprehension, we do not walk around NAMA and just look into whatever files we want; this is specific information requested for particular audit purposes. We are not involved in any way in the decision-making process-----