Mr. John McDonnell:

As I explained, we looked at that report in the context of our overall governance and looked at risk management and the governance over risk, the GRPC being a key risk committee. We reviewed that report solely in the context of how it impacts on our calculations ... on the bank's calculation of impairment and our audit of that calculation of impairment. We would've looked at that. I don't believe we had any obligation, be it under the rules of section 47 of the bank or indeed any other way to report to the bank ... I don't think we had any obligation to report that at all.