Mr. Alan Dukes:

I must make a point that applies not only to the CEO but also to staff in the bank in general.

We need to be sure we have people capable of doing the type of job that needs to be done to maximise the return for the bank, and we must pay the market rate for the people we hire. We have done this with regard to the CEO, who was recruited in 2009. A number of discussions, to put it mildly, have taken place since then on levels of pay in various parts of the bank. It has been a problem for us as we retrain our staff in order that they can do the type of functions appropriate to a bank in wind down because we find that when people get to the point where they will be promoted to a new grade, they are head hunted by other banks which pay them more money than we can. We have a difficulty with pay levels from the point of view of staff retention and promotion. As far as I know, and this is an issue being constantly reviewed in the bank, we do not pay people more than we need to retain them. We probably pay people a bit less than would be needed to be sure we can retain the type of skill sets we need in the bank.