Mr. Donal Forde:

I think I would answer your question more freely in this respect. I think we were, looking back, we were going through a period right through from 2002 to 2008 when generally banks globally were being driven to more efficiency, more efficiency meaning that you were endeavouring to squeeze, if I can express it in those terms, performance out of every aspect of the business and it is right to say that I think we were being pushed and responding to a marketplace that was constantly pressing us into positions, perhaps, of more risk, of more efficiency, more leverage of assets all the time. I think that is true to say but I am just making the distinction between the previous one which was certainly coming from the regulator, this was coming from the market.