Mr. Brian Patterson:

I recall that we had a lengthy presentation on a couple of occasions, probably once a year, from members of the Central Bank staff, who had been engaged in the stress tests and they presented the results of the stress tests to us. There was a long discussion and I remember coming out of those meetings thinking "Wow, you know, it all looks okay". And that would have been alongside other concerns that I would have had about some of the things that Senator D'Arcy spoke about, and here were the people who were intimately involved with the stress tests saying "We've looked at it this way, we've looked at it that way, we've turned all the dials up and the banks are still okay".