Mr. Con Horan:

Well ... I ... certainly, again, I go from the memorandum of understanding and my practices in there. I think the headings in the memorandum of understanding are very clear. One is responsible for the financial stability and one is responsible for contributing to it, so I think that it is clear. I would add, for instance, that the financial stability department was located within the Central Bank; it wasn't within the Financial Regulator. And I think that's pretty indicative of where the primary responsibility lay.