Mr. Brendan McDonagh:

If we are just talking about the retail sector as at 30 June, we had about €1.5 billion worth of assets remaining in Ireland. If something was done and it affected asset values by 20%, then, instead of expecting to get €1.5 billion back for those assets, we would only get €1.2 billion for them. It is a straight-line calculation. Whatever the calibration is set at will have a direct effect on the amount we are going to recover on the assets if we have not sold them before the change. That would be the same for everybody else.