Mr. John Beggs:

I ... I wasn't aware of the concentration of risk until I ... until evidence was either provided before this committee or set out in whatever presentations the bank would make in relation to its annual results, but obviously they didn't ... there were concentrations in terms of the ... the property buckets and the type of investments they were making, whether it was residential investment, commercial development. AIB, and I can only speak about AIB, and what they said about that, that they considered that to be a well-diversified portfolio. In that regard I would say that what all property has in common, whether you segment it into all sorts of ... whether you do residential or commercial or whatever, it has expectations of confidence as a ... as a cornerstone of it all, so if that falters at a national level, all of these components or this diversification, just folds into one ... one bucket of ... of risk.