Mr. Con Horan:

Yes, we were very tightly staffed at the time. It was a huge ... I mean, not only had we ... I think, again, I've given evidence to say that in 2003 one of the big problems we ... we faced was that, with the establishment of the regulator, a lot of the staff in banking supervision were moved to other areas just because we were taking on additional functions. So we lost a lot of the staff and, I think, what I identified in 2004 was that the key risk that we had was developing expertise in basic supervision and we put a lot of effort, etc., into training and getting staff up and running. After that we had to get numbers and it was a very difficult time in terms of ... the Basel accord was coming on stream, needed mathematicians, etc., for some of the complexity around this ... it was very difficult to compete in that market.