Mr. Brian Patterson:

Well, this is what happens. Did the financial stability report accurately reflect those concerns? No, it didn't. Did the financial stability report contain recommendations for action? No, it didn't. Why? Because it couldn't. The financial stability report is not a suitable vehicle for flagging concerns about the banking system because it's a public document. And if the financial stability report had said XYZ bank or the banking system as a whole is looking very shaky and the Financial Regulator should take the following actions, there probably would have been queues outside the bank in the street the next day. So it wasn't capable, in my view, of doing that function. Now-----