Mr. Angel Mas:

It is a very good point. Not only will it not undermine the process, it will help to enforce it. We participated closely with the regulator in the development of the mortgage arrears resolution process, MARP, and in our opinion, this was good. When the crisis ebbs, who will enforce those very strict and demanding rules? Although I am only speculating, the Central Bank may lose focus. The providers of mortgage insurance will remain very focused on the application of those MARP rules, which align perfectly with what they do.