Mr. Dargan Fitzgerald:

Thank you. So, a couple of comments. First of all ... and I'm familiar with the references that you gave in those two documents, thank you. First of all, I just need to distinguish between the role of the Financial Regulator in issuing such letters and our role as external auditors and you'll appreciate that the Financial Regulator's role as a supervisor is based on its detailed programme of work which has a very different scope and aim compared with the ambit and role of the external auditor. So, I would say, firstly, as a general comment to the committee, that one may not be comparing like with like in asking for external auditor comment on such things. We have a very clearly defined role in relation to what we do with such regulatory correspondence when we ask for it and, of course, come across it. This is governed by one of the auditing standards - compliance with laws and regulations. And we are required to understand the content of such reports and then assess how they impact our ... our audit. And, as I mentioned in some of my previous comments, our audit is ... the possible effect on our audit is in relation to the risk of misstatement of the reported balance sheet or income statement amounts. So, I just want to make the point that such comments by the Financial Regulator do not directly impact or correspond with or feed into external auditor assessment other than they may ... they may inform our risk assessment as to where we should focus our effort of our audit. So you-----