Mr. Con Horan:

Well, in relation to the August '05 measure, I made a proposal in mid-August 2005 to increase the capital on high loan-to-value mortgages. I did that directly up my own reporting line at the time to the prudential director, and ... who took to bring it forward and address it. And the feedback I got at that time ... I tried to set out a fairly good argument in terms of why we should take measures at that point in time, but the feedback that I got was that the matter had been considered by senior management in the Financial Regulator, and the Central Bank, and the view was that the measures were not necessary at that time.