Mr. Cormac McCarthy:

I think, Chairman, at the time, as I said, risk was a given. I think there is ... there was no claw-back, as such, which is now in place. So remuneration schemes in the industry have claw-back as a standard, and deferral as a standard. I think the other ... the other thing that wasn't in place at the time was deferral. So most bonus schemes that exist in financial services at the moment have a defer element so that you don't get your full bonus at the end of the year, it's deferred over a number of years. That allows one to take account of the risk issue as things emerge in time, as well as claw-back of bonus.