Mr. Liam O'Reilly:

Well, for instance, the loan to value mortgage issue was addressed in May 2004 with the increase of higher capital requirements for people who lent money at 100% mortgages. The risk weight was increased, which was a disincentive.

But, you know, in all honesty, moral suasion was the major instrument and it was ineffective and I can't say any more than that. In hindsight, I'm saying it was a mistake.