Mr. Brendan McDonagh:

No, we are not aware of instances where that happened wholesale. There can be isolated instances but this is what the capital markets are about. Circumstances change and certain areas of business become fashionable at one time and unfashionable at other periods. We must take the best advice at the point when we are making a given decision. It is an evidence-based decision at a given time. We have a full audit trail of the advice that we have taken and the reasons for a given decision.