Mr. Jeremy Masding:

As members know, given a choice between simplicity and complexity, bankers will typically opt for complexity every time. However, I hope we have given, in slide No. 1, as transparent a report as possible on what we have included in our Central Bank return for the end of quarter 2. Slide No. 2 shows how that compares to how we report our work internally within the bank and slide No. 3 shows how we are doing, by that internal measure, up to and including this week. I hope that between these slides and the supporting material I and my colleagues have to hand, we will be able to deal with all the members' questions.

With your permission, Chairman, Mr. Shane O'Sullivan will take members through the slides and we will then answer questions.