Mr. Patrick Neary:

Yes. I saw ... that's in the core documents and, you know, there was a lot of correspondence. I wouldn't have been aware that all of this correspondence was going on but that's beside the point. It was going on. Now, I think that serves to illustrate, I think, the difficulty that people had with the interpretation of the sectoral concentration limit, and that the arguments that were coming back and forth ... and, for example, I think in that correspondence, it illustrated, you know, some of the ways in which there was a way around the sectoral concentration limit.

I mean, banks who had their head offices somewhere else and had subsidiaries here could quite easily transfer the risk out of this jurisdiction back to head office by an internal risk transfer mechanism and get around it-----