Mr. Aidan Carrigan:

The assessment of risk will be based on independent criteria and the criteria will be related to issues such as the quality of capital, the type of liabilities and the banking activities carried out by the bank. They will not be done on a national or country basis. One of the underlying principles behind this development is to break the link between the sovereign and the banks. The purpose of this directive is to bring in clearly defined criteria that will apply regardless of the country in which the bank is located. Obviously, there will be an assessment of the type of loans, the liabilities and-----