Mr. Con Horan:

Yes, I think they give ... they give some examples of where the board ... for instance, when the Basel II measures were being proposed in mid-2006, I think one of the references at that stage was, you know, if you're going to do this, you need to be conscious of the competitiveness of the Irish banking system. So that was the sort of concerns that were being expressed at that time about the regulatory interventions.