Mr. John Moran:

At the moment, what we are assuming is that if the external parameters that are at play here continue to go as they are, we can see where the stress tests were and we are within that. The Deputy may be aware that some of the banks have had a situation where considerable capital has been saved as a result of the deleveraging taking place at prices that were not as severe as we expected and therefore they have a buffer of capital. Even the decision we took in the last couple of weeks to remove the guarantee has itself changed quite dramatically the capitalisation projections of the banks because there is an additional €1 billion of, in effect, value in the banks each year.