Mr. Eugene Sheehy:

Yes, we had a seminar where Dr. Ahearne and John FitzGerald attended and there was a general discussion about that. And, that would have informed our own internal stress-testing model which applied a 30% reduction to residential property as part of our one-in-25 year stress test. So we didn't ignore or dismiss his observations and we took the high end. I mean, Dr. FitzGerald had a lower estimate, but we took the 30% fall, which, of course, would have been unprecedented in experience terms but that was applied in our stress test for residential property. So it was ... his observation was taken on board and applied in the stress test.