Mr. Patrick Neary:

Well, I think, the final part of your question touches on the issue. Within the regulator's office, we were looking at the compliance with the capital and the other ratios that we talked about already.

We're now moving into the area of systemic risk and financial stability. The size and the risks for the sector as a whole were the responsibility of the Central Bank. There is no doubt about that and they would accept the responsibility for that. But, the warnings that were coming from the Central Bank certainly did not create a concern that actions needed to be taken. They were benign and the conclusion was that we had a soft landing and so were the commentaries from all the other bodies, including the OECD and the IMF.