Mr. Pat McArdle:

Just to continue ... the early stress tests, '04 and '06, came from the Central Bank. So you were given a range of variables. I said in my witness statement I had limited involvement in it because you just got them. It was a fact and I ... didn't ... I passed them over to the risk people and said, "You worry about that", right. Yes, I would ... the only comment I would pass on them ... yes ... there were a limited range. I can't remember how many there were but there wasn't more than half a dozen, at a guess of variables in it. Whereas ... so ... so was I happy with them? I was happy that they met the demands of the regulator. They were not by any means the full whack ... in the sense that we were to go on and do later.

In 2007 we got our impetus from the Bank of England and the ... the regulatory authority over there. And it was a totally different approach and now, obviously, there must have been some co-ordination between the regulators because I gather this happened because Ulster Bank was ... was regulated by the ... or part of RBS which was regulated in the UK. But it also would ... UBIL which you're interested in, which was not an important distinction at the time for us ... UBIL was just a small part of the ... part of a big group. We didn't ... I never recall making that distinction at all because I just worked for the group. But ... we got the 2007 ones then under the new Basel II ICAAP process ... emanated from London or from Edinburgh actually. And I spent some time recently trying to-----