Mr. Simon Carswell:

Statements would be made by the regulatory authorities when there were concerns about the stability of the banks. For example, after what is known as the St. Patrick's Day massacre in 2008, when there was short-selling in two of the Irish banks in particular, but mostly in Anglo Irish Bank, a strong statement of confidence issued from the Central Bank and the Financial Regulator's office to counter that negative market comment. Throughout 2008 and up until after the putting in place of the bank guarantee statements were made by the Office of the Financial Regulator in which concerns were raised concerns about market comment and comment by newspapers.