Mr. Brian Patterson:

I don't recall that but ... but I'm not denying it. I think this is the problem, and we've touched on this a number of times this afternoon, that ...there ... inside the organisation there were concerns.

There were concerns in ... you've heard from one of the economists ... there were concerns in the executive; there were concerns in the board of the regulator; there were concerns in the board of the Central Bank. The fact that those concerns didn't get aired raucously in the financial stability report, I think, we understand the reason why that couldn't be. So, the real question to ask is why was the regulator and the Central Bank not then impelled to act. It's in the absence of action that the problem lies.