Mr. Patrick Neary:

Yes, again, Senator, I think there ... we have two elements here to deal with. We have, first of all, the individual institutions and the focus on the key indicators of those, which over the years did not suggest that there was any major fault lines appearing in the loan portfolios. There was no impairments or ... materialising. That's on the one hand, at the micro-level. I think then we step across into the wider context, the level at ... at system level, and that is where I think our colleagues in the Central Bank have to come into the equation. And, like I've already said, I think their analysis and assessment of the situation was overly benign.