The report by Mr. Michael Geoghegan made a wide range of recommendations that were designed to assist the NAMA Board, including a proposal that the Agency would take on the direct management of the NAMA loans currently managed on its behalf by the participating institutions. I am informed by the Chairman of NAMA that the Board has given its approval to the establishment of dedicated teams which will monitor and supervise intensively the management of the 600 NAMA debtors which are currently being managed by Bank of Ireland, AIB and IBRC on NAMA's behalf. The teams concerned will be situated within the institutions and will ensure that the highest standards are applied by the institutions to the management of the €5 billion of NAMA debt which is involved.