Mr. John McDonnell:

The financial statements, as I've said, are ... the role of, say, the financial statements is to faithfully represent the past, represent the transactions and the financial statements at that period appropriately represented the transactions which the bank had entered into at that period. In the context of going concern, "going concern" is an accounting concept which is around the measurement basis and at, when we signed those financial statements, it was appropriate for the bank to apply a going concern ... to apply the going concern concept, because it was not in liquidation nor was liquidation expected. And that's the only reason that you do not apply the going concern. There is a misapprehension is that you can have a choice between going concern and non-going concern. Under accounting standards, you must apply the going concern concept unless the company is about to be liquidated and that was not the case. The last point I would make is, when those financial statements were signed, no one had ... no one expected that Lehmans were going to go bust and no one expected a knock-on impact on the liquidity markets and, indeed, then the knock-on impact on the credit market.