Professor John FitzGerald:

No. We did not want to get involved. This was work which was in the public domain. It was slightly modified for the banks' needs, but we did not want to get too involved with the banks. I made it clear that we were not going to undertake the implementation of this in terms of how it would operate in the banks, that this was for them to do and that we did not want to be involved, but wanted to be independent.