Mr. Richie Boucher:

We have set out clearly what the PIPs are. In Bank of Ireland’s case, we took a market leadership position over two years ago to say unsecured debt should be written down first. That has been a policy of the bank and reflects the process in which we have engaged. We pioneered a pilot initiative with the other banks to state that if a customer had a personal loan with us and a mortgage with AIB, we would take the write down and vice versa. That has been the consistent application of our policy.