Mr. Brian Patterson:

I think, in hindsight, there is ... there is some conflict, yes. And I think where that comes home to roost would be in, for example, when we were considering the additional capital requirements that you heard about from Con Horan ... when we were considering that, one of the things that ... that would have weighed heavily with the authority and, I guess, with the executive and also with the Central Bank, because they had to sign off on those would have been that by placing additional capital requirements on the Irish banks, we were setting them at a competitive disadvantage with the foreign banks which were operating in Ireland on a passport basis, yes? And in that sense, the responsibility to develop and to nurture the Irish financial services industry would have ... would have come into ... into people's consideration.