Ms Éilish Finan:

I attended approximately five meetings every year of my four years' tenure at the Northern Ireland advisory committee. The terms of reference of that committee were devised by the NAMA board, approved by the NAMA board in 2010 and marginally revised in, I think, 2011. At no point was there ever a discussion at the Northern Ireland advisory committee on any specific borrower or any specific property. That is a really important point to put on the record. It was always a strategic discussion with the paramount focus being on the expeditious requirement of NAMA to sell the assets in the interest of the Irish taxpayers, with a stakeholder focus which was the Northern Ireland cohort within the country of Ireland. It was a collaborative, strategic committee. That was its purpose and that was how it carried out its duties. We, and all members including the external members, were fully aware of its terms of reference and complied with the restrictions, which required confidentiality at the borrower level. During my term of office, which coincided with the term of office of Mr. Cushnahan prior to his resignation, there were four disclosures at the committee. They were not disclosed in the minute details but my recollection is that they referenced two or three borrowers. At no point was there a disclosure about PIMCO. It is really important to understand that up until the end of December 2013, the involvement of PIMCO or any other Northern Ireland party was not disclosed at the committee and therefore the board would not have had knowledge of it.