Mr. Tony Grimes:

I think that you can be ... look at the very formal definition of insolvency in regulatory terms: did they breach the regulatory ratios? It's clear that they didn't. A wider look at insolvency would be much more forward looking and ... but even then, as I said earlier, it was unclear. There were certainly risks there of insolvency for one or two institutions but you had to take into account, I think, a lot of factors in making a judgment on insolvency, including collateral, including the buffers available for the banks, including the declines in asset prices, which actually occurred in a very serious way subsequent to that meeting, so it's a very delicate judgment to make and the judgment that I made was that they're probably not insolvent at that stage.