Mr. John Hurley:

But, of course, there are many views to be taken into account, not just one view, and the financial stability reports cover the whole gamut and look right across the sectors, and make an assessment. The assessment is the best assessment that people can make at the time, and it's on the basis of the information, the broad information that's available at the time. Of course, you will have individuals who'll see things differently and may turn out to be very prescient, but the overall assessment still has to be made by a central bank on the basis of the totality of the information.