Mr. Pádraig Ó Ríordáin:

I think, theoretically, yes, Senator, but that's a very, very long and very extensive exercise. That was, ultimately, done by the Central Bank, for example, in its PCAR and it's PLAR exercises, and that is a very, very extensive exercise. The other thing to remember at the time is that things were moving very quickly, so I suspect, and this is more of a financial question rather than a legal question, but if you had gone into the banks at the time and assessed the assets, you'd have been assessing them against probably the conditions over the previous number of months, as opposed to the conditions that were to come. So, again it's hard to say, I would say, whether that would have ... even if you had had the months that it would have taken to do that job, whether it could have been benchmarked correctly in the circumstances.