Mr. Richie Boucher:

No, €92.8 billion is the total book, of which 18% is property and construction. Of that 18%, half is in the Republic of Ireland and the balance is in the UK and the rest of the world.

With regard to regulation, it is an extremely challenging and intrusive process and we have engagement every day at various levels in the company. In the primary process, at the top, the Central Bank operates PRISM - that is, the probability risk and impact system - and looks at the risk factors of the bank, the capital of the bank and various other factors. It makes an assessment of the bank and, based on its observations, requirements and requests, we get a risk mitigation programme. We have certain timescales in which to deliver certain outcomes that are satisfactory to the Central Bank. The Prudential Regulatory Authority, PRA, in the UK follows the same process under a different name. There is a myriad of interactions, but the risk mitigation programme, RMP, and the PRISM are the primary areas of focus.