John Paul Phelan (Carlow-Kilkenny, Fine Gael) | Oireachtas source

Okay, thank you. I want to turn you now, if I can, to core document, Vol. 3 on page 55. It is briefing on financial stability issues from 7 May 2008. In the middle ... page 55 ... the middle of page 55 under a heading, "Contingency Planning". It's on the screen in front of you, I think, there, as well. Do you see the heading, "Contingency Planning"? I want to put the quote to you. It says that: "The Financial Regulator and the Central Bank have been working very closely with the banks to monitor their liquidity position on an ongoing basis and seek to identify risks to their sustainability at the earliest possible stage." With respect to the Central Bank, which is referenced in the quote, do you believe that you were identifying those risks at the earliest possible stage?