The assets going into NAMA are of course being subjected to an intensive due diligence exercise which the Regulator is not duplicating; our main focus now is on the rest of the business. As you know, the new head of financial supervision, Matthew Elderfield, will be starting in a few weeks.
In response to the recommendation, in May 2015, the Reserve Bank had issued instructions to banks to do away with the Calendar of Reviews, replacing it with the seven critical themes prescribed by the Nayak Committee and had left it to the banks' Boards to determine other list of items to be deliberated and periodicity thereof.