Mr. Brian Patterson:

First of all, I need to point out that the authority - other than the executive posts - were all non-executive, and I was non-executive, and, therefore, I relied, and so did the other members of the authority, very heavily, on what the executive would bring to the table in terms of their analysis, their proposals for action, their concerns, etc., etc. And what I know now, to answer your question, that I didn't know then, was how the ... the extent of the risk, both in individual banks - and we know who they are - and systemically, I did not understand the extent of it, and nor did I appreciate-----