Mr. John McDonnell:

We had very detailed debate with the bank about the impact of IAS 39 across a whole range of assets and liabilities, particularly impairment. We would've discussed with the bank the impact of IAS 39 and how it compared and contrast with the previous accounting framework. We would've also looked at it in the context of US GAAP. Directors and management would've had views. We would've discussed all of those views. But at the end of the day, the rules were the rules and we would ... and Bank of Ireland needed to apply those rules. They ensured that they'd the appropriate controls to apply the rules and we ensured that our audit and our accounting expertise was appropriate so we could actually audit those rules.