Mr. Liam O'Reilly:

Well, as I said, there were plenty of controls within the system. The major control was ... if you were saying "Were the management of bank controlling the situation?", I would say no because what we said was that the non-executive directors had a direct line to the internal auditors, we had a direct line to the non-executive audit committee and we ... and ... the internal auditors had a direct reporting line. So, what ... that was a kind of a control in place. It wasn't enough because, at the end of the day, it looks like non-executive directors, to a certain extent, were being led by management too much. There was a need for much more intrusive regulation.