Mr. David Duffy:

Mine is in the sort of low €400,000s, after the pay cut I took. I don't have a view on what is appropriate. I think the market has to determine that. If you look at the small community of banking in Ireland, there's a bank CEO on twice my income. There is another bank on twice that income, CEO. So same jobs, same street, a bus stop away, massively different. I think it is very specific to the circumstances. The one thing I would say about compensation and I believe this passionately; it is not so much the number, it is who bears the risk with that number. My practical example, if you will forgive me for a second, Senator, is I am used to a culture where I was paid a variable amount of compensation. It was deferred for three years pending the performance of the bank. It was put in the shares of the bank, and if the shares of the bank tanked then I lost it. At the end of that, it was also subject to a malice clause which is matching the duration of risk to the duration of my bonus and could be ... and 100% could be clawed back. So philosophically, I believe that is the only way you pay variable compensation and if there was a model in the future that allowed for that, the market drove it, investors drove it, I would very much believe that that is the kind of structure you put in a bank. The shareholder does not bear the risk, 100% recovery for staff.