Mr. Tom Boland:

I do not think an additional layer of scrutiny is required. The problem - a problem that has been alluded to here a couple of times - is the extent to which a system depends on the people who operate it and if there is a degree of determination to subvert it, that will happen. That said, one then hopes the other structures in place in the institution, particularly the internal audit function, and, of course, the governing body, will act, first, to deter that kind of activity and, second, to find it and neither of these occurred in this case. I do not know if there is a further layer of governance or regulation that one could put in place that necessarily would work in this or any future case. I think the structures are good and that they do need to be regularly reviewed, but, overall, I imagine that they are fine.