Mr. Con Horan:

Well, yes, I mean, the process was we went to public consultation, I think, around September 2006. So we'd gone through our internal processes internally, and we went to consultation and received back in the responses. And, certainly, the representative body of the banks believed very strongly that the measures were unwarranted, that they risked bringing negative attention to Ireland and jeopardising the property market.

And that view was also reflected in the comments of the individual banks, so they were clearly not happy because we were at least 50% more than most other jurisdictions, all other jurisdictions, and, in many cases, the level of capital being demanded in Ireland was three times the European level.