Mr. Patrick Neary:

The guiding principles of the Financial Regulator was the principles-based system and the entire strategy of the authority derived from that. So the strategy was quite detailed and had a number of principles in it and it had deliverables specified for each department and derived from that were deliverables that were specified for myself and agreed with myself and the chairman. And they formed the basis of quarterly performance assessment by the authority of me, so every three months, I went to the authority and I had to present to them how we were ... how we were performing against the strategy and the deliverables that I had agreed with the authority as part of the strategy.