Mr. John Beggs:

And that was the end of it. I should say that, perhaps with my colleagues here from other financial institutions, that I had a great deal of independence within AIB. My research was not vetted by anyone. It certainly wasn't vetted by the retail bank and it wasn't seen as supporting their business. We produced research. We obviously operated within certain constraints in relation to stock market and other, I suppose, compliance rules, but otherwise we were very independent and the bank were happy to have that situation prevail.