John Paul Phelan (Carlow-Kilkenny, Fine Gael) | Oireachtas source

Okay. I want to again refer to a line of questioning that previous questioners have referred to, which is the sectoral limits, the 250% limit that was increased to 500%. We've had evidence from previous witnesses, most notably Mr. Gleeson, among others, who have observed that these sectoral limits, as set out by the regulator at the time, were guidelines more than limits. I just wanted to ask in relation to your activities in Ulster Bank, did you see them merely as guidelines or were they hard and fast limits which you tried to adhere to?