Mr. Cormac McCarthy:

I don't ... I have no.... I don't recall or have seen that statement. I mean I reported to Stephen Hester for a while before I left the bank. I make no ... at the end of the day, Royal Bank of Scotland lost a lot of money through Ulster Bank and the losses in Ulster Bank were significant. But we were subjected to a situation where we had no.... we had no fall-back on the Irish Government. We had no access or insight into NAMA. We had to make provisions on a worst-case basis, only time will tell what the outcome was. But I have said already that I acknowledge that we made bad decisions and we made mistakes but I would, I would suggest that notwithstanding the significance of the numbers, comparability is very difficult still and it will take time before the ultimate cost. But ultimately, Ulster Bank had no international businesses to sell, it had no independent share capital to fall back on as other banks did. So only time will tell, I believe Senator.