Mr. Paul Dobey:

We were aware of all of this. In the accounts of AIB, the sectoral exposure is set out in great detail and was set out in great detail for all of the years. If you go back to 2004, we would've been highlighting a concentration of credit risk in property and construction, also in 2005, 6 and 7, as a matter that needed to be considered in the context of disclosures in the financial statements. As I mentioned in my opening statement, AIB were setting the strategy but we were concerned to make sure that the risks associated with those strategies were set out in the financial statements and they were very clearly set out in the financial statements ... set out all the exposures to the property lending and the exposure to the Irish economy in particular. And the breaches were addressed. The breaches first started to happen in June 2006. We had ... we attended all of the AIB audit committee meetings and we would've read the AIB board minutes. And we read the board minutes of 27 July, which are in the pack, which set out a dialogue that the management of AIB were having with IFSRA at the time. It was discussed subsequently at a board ... at an audit committee meeting, I remember it being discussed. It was probably either at the meeting just after ... just before ... around that time in July 2006. And we were very happy that that dialogue was happening at the board level, as, you know ... there was an open dialogue at the board level, there was an open dialogue at the audit committee, there was a discussion with the regulator, there was-----