Mr. John McDonnell:

The bank would have received in substance the exact same type of audit in terms of our methodology. The one thing you cannot say the change in 2018 is the change from moving from an incurred loss model to an expected loss model. So that comparison isn’t relevant. You had to apply an incurred loss model at the periods in which we conducted our audit and we stand and still stand over our opinions.

The last thing I’d say is that in terms of disclosure, in terms of corporate governance and in terms of auditing standards, all the debate after the credit crisis has really come down to two things. Is a better disclosure from management and the directors as to what their role is in the set of financial statements and better disclosure from auditors as to what their role is in the audit of a set of financial statements? Through all of that, nothing has changed the role of the auditor, which is to give an opinion on whether the financial statements have been properly prepared in accordance with the rules of IFRS. And the disclosure has been around getting better communication on the interaction between management and the audit firms.