Mr. Paul Dobey:

Firstly, on your first point, IFRS does not allow you to take account of future losses. It allows you to take account of losses, events that have already happened which will emerge in the future, if I can put it that way. Right? And there is an emergence period, and AIB had an emergence period of nine months for most of its books, and it had a three-month emergence period for its property and construction books.