Mr. Richie Boucher:

One of our big mistakes as a bank was funding a UK mortgage book in securitisation markets. It is now retail-funded, in particular, by deposits collected. How do we think about our deposit base in general terms? Its capital and customer deposits fund the loan book and the liquid assets we are required to hold are funded in the wholesale markets. Its a model where the bank must be self-funded and each of our businesses, including Mr. McLoughlin's, Retail Ireland, our UK business and corporate business, is self-funded. They must gather their own deposits.