Mr. Patrick Neary:

Well, it was a combination ... our source of data would be a combination of ... of a number of different sources from the prudential returns, from the engagement with the banks, from their annual accounts and so forth. In the context of a principles-led approach to supervision, and with the model whereby boards and management were expected to take charge of the risk management of the organisation, the answer to that is probably yes but, with hindsight, that was clearly not correct.