Mr. Matthew Elderfield:

What I have to do is try to break it down into three components, so to speak. The status of the individual through it and what has happened is a matter for employment law and confidential with the individual but I will try to reassure the Deputy on a couple of points. We have a speaking up policy. When the person raised this concern it was treated very seriously under the speaking up policy. We had the internal auditor separate from that area investigate it thoroughly and feed back to the individual, and the individual was satisfied.

For the stress test itself, we had peer review from other regulators. We had the European Banking Authority. We had our own consultants. We had the troika, the ECB, the Commission and the IMF. We had many people looking at those numbers, and the stress test results we published were the most transparent in terms of the details we provided. If the Deputy looks at the PCAR information we provided that March, he will see there was a lot of information there. In terms of the integrity of the stress tests and the ability to track and test them, there is a lot there and there were many eyes on that.