Mr. Dargan Fitzgerald:

Thank you. First of all, in relation to any concern or reaction to the regulator's comment as reported, I am not surprised reading that account. I feel that the regulator was likely anxious to emphasise that, in times of liquidity stress in the financial system, there would from time to time be breaches of what may have been quite stringent regulatory requirements around future expected cash flows.

And in essence, I feel the Financial Regulator was emphasising that these might be catered for by, as it turned out, Government support in terms of the Government guarantee, or, indeed, other measures that the banks might be able to take. Then in terms of your reference to ... and I hope I have the same reference ... 31 ... our letter of 6 March and you referred to the ... to our making of a report of these items. There was no latitude for us to fail to report these, as they were required under those regulatory instruments.

I think the last part of your question was whether they were ... these were factored into the question of going concern. And I can confirm, absolutely, liquidity was one of the key aspects of going concern considered, of course, by the directors initially in their papers and consideration, and, secondly, by us as external auditors. We ... we would have been aware of matters of this nature. In fact, it's exactly as you highlighted in your comments. I don't think they were particularly serious, but they were absolutely required to be reported to the regulator when we were aware of them, which we duly did.