Mr. Eugene Sheehy:

Well, we would only have a relationship with our own regulator. It wasn't open to us to go past our own regulator or it wouldn't be appropriate to go past our own regulator. There were mechanisms, ELA for instance, which was a mechanism that was available to the regulator to give loans to banks, secured loans to banks, for funding purposes but we didn't ... The regulator didn't want that to happen because when a state regulator facilitated banks with ELA, it was published in the European communiqué from the European central banks, and that then, by extension, became a sovereign issue for that country, so I think the regulator wanted to avoid that, if it could.