Mr. Con Horan:

Yes ... I mean ... when I became ... just to briefly recap again, I clearly made my proposals in 2005 for the increase in capital when I was head of banking supervision. I hadn't got it through. When I became prudential director, I spoke to the chief executive to say that this was the issue that I felt was the biggest risk we were facing in banking supervision and I really felt that we needed to do something to intervene into the market at that point in time because I ... I'd looked at other international cases and that was the driving force behind my desire to commence action immediately. And I spoke to him because I would have needed his support.