Mr. Dermot Gleeson:

I mean, it's perfectly clear that our systems over ... I think our governance systems were good. I think the credit systems weren't strict or tough enough. I think the loan-to-value criteria should have been tougher, and I think we should not have gone as big as we did with individual developers, notwithstanding that we had 30 years' experience of them always paying back and simply getting more successful as they went along. But, I'm afraid I haven't ... this is, I say, a document that comes from after my time.