Mr. Patrick Neary:

Well, I think we had ... I think we had powers to intervene, maybe not necessarily through the sectoral concentration limit, but I think we did have the power to set ratios. And, you know, I would never try and defend ourselves by saying we didn't have the power. I think we could have interpreted our powers. I think, you know, if we ... if the authority was of the view that an intervention was necessary, we could have found a way. Now, admittedly, I mean, and the argument would probably be, in the authority, that, you know, those rules are ... were more focussed on the affairs of an individual bank, that if somebody was kind of out of line compared with all the others, well, this is how you'd intervene, that you'd, you know, use your powers to deal with one bank. But what was happening here was everybody was in the same boat, and, you know, it quickly, I think, this thing ... this thing moved ... shifted its boundary out of the micro area more into the macro area, and into the kind of financial stability dimension.