Mr. Liam O'Reilly:

If ... if on the condition ... it really is a question of definitions, etc., what's principles-based and what's rules-based, but, basically, you have to have principles, you have to have rules. I think it's the way you implement it, and the dependence that you place on the internal auditors and the external auditors of institutions, the risk committees of institutions. No longer can you trust those, and if you have to do the job then, the resources is the issue and, certainly, the way we had set up our system we didn't have enough resources. If we had had enough resources and, and applied ... I think whether it's principles-based or not, it's more about intrusive, aggressive, or, if you like, depending on boards too much. So, I think, principles-based plus intrusive, aggressive plus resources, I would agree-----