Mr. Paul Dobey:

Our work is regulated in a number of different ways. Firstly, we are registered with the PCAOB in relation to our SEC registrants, and AIB was a SEC registrant. The accounts of AIB were reviewed regularly by the SEC, the Securities and Exchange Commission in the US and they would have looked at the detailed application of accounting policies, including IFRS. They looked at fair value accounting in 2008, they looked at credit risk disclosures in 2007, they looked at compliance with IAS 39 in 2005 and they looked at the M&T accounting in 2005.