Brian Lenihan Jnr (Dublin West, Fianna Fail)

Exactly. That is why we must dig deeper and there is another report due at the end of the month covering the quarterly period to the end of September. That type of exercise is important.

One of the big difficulties in accessing the information in the course of an exercise like Mazars - I went through the report in great detail and was briefed on it - is that it does not track informal refusal. The bank has a formal record of applications and refusals, but if the bank manager says to Deputy Higgins, as a customer, not to bother filling out that form because he will not get a loan anyway, that will not emerge in a Mazars-type exercise.

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