Ms Éilish Finan:

The nature was in line with the terms of reference of the Northern Ireland advisory committee, which was a collaborative strategically and macro focused forum. Effectively, from a Northern Ireland stakeholder standpoint, the concept of selling the entire bundled portfolio would have been deemed strategic and macro and, therefore, it was within the terms of reference and correct that it should be discussed in the Northern Ireland advisory committee. It was very much strategic in its focus on the concept of the impact that it might have, first, on the stakeholder being the southern Irish taxpayers and the ability for NAMA to maximise its return and, second, the impact that it might have from a Northern Ireland stakeholder standpoint. It was within that concept that the discussion was held.