Ms Mary Burke:

Well, certainly you would never have been encouraging a bank to be dependent on the ECB. What you would have been recognising, however, was that they needed to have, to the maximum extent possible, access to the ECB if they needed it. So you would have been encouraging banks to make sure that they had eligible collateral for Central Bank purposes, but I don't think any regulator would be saying if you have an alternative, you know, access to liquidity that you should be going to a central bank ... that wouldn't have been ... but at that point, we would have been looking for liquidity for banks wherever they could get it, to be quite honest.