Mr. Dargan Fitzgerald:

I'm not sure that the position is quite as simple as that and quite as clear cut as that. And as I wasn't the auditor to any particular bank, actually, at the transition date to IFRS, I can't comment in a sort of live environment, so I'm not sure I could really speculate as to that. My overall sense is that, as a general matter, that the statement is ... needs to be qualified by careful analysis of any differences between pre-existing GAAP, as it's called - generally accepted accounting practice - and IFRS. I think the key point ... I mean, I can only speak for the audits that I was involved in, 2007 and 2008. You're absolutely correct and, as I referred to in my opening comments, they employ ... in applying IFRS and particularly international accounting standards relating to loan loss provisions, they employ the incurred loss model. I think, and I think it's now been widely debated ... I think it's clear that that does comply with reporting requirements requiring a true and fair view as the applicable reporting requirement of the time.