Mr. Liam O'Reilly:

Well, I suppose there are two answers to that. We should have done more; there's no doubt about it, in hindsight. But ... but, second of all, there was ... the second issue was that if we were doing this, we felt that this was an aggregate problem, it was a macro problem, it was a problem that permeated the banks and it would have had to require an action against all the institutions. And, therefore, it wouldn't have been just me, as the regulator, that would have been making this suggestion. It would have also had to go through the Central Bank and financial services authority board, and ... that was it. It just wasn't-----