Mr. Con Horan:

I think that ... I mean, I think that at the end of 2004, I would have been arguing for the establishment of specialist units to pursue administrative sanctions. I didn't believe at the time the way we were structured was correct. I didn't believe it was really feasible for accountants and people who were trying to understand the Basel process to also convert themselves into people who could take sanctions cases maybe up as far as the High Court. I believe that was a specialist area and I argued for that in writing and I think that's one of the areas that we maybe looking back ... I think when the new regulator, when the new environment was established, we have now two enforcement departments and I think that's probably the right way of approaching that-----