Mr. Derek Moran:

Yes. I suppose, if you consider - go back to the middle of the last decade, a lot of the macroeconomic models ... dealt very effectively with impacts on the macroeconomy, but didn't link across to the financial sector. And this has been a big challenge for economics in the intervening period, but how do you make those linkages across? The ESRI is currently at an advanced stage - we would have used the HERMES model, developed by the ESRI. The ESRI are currently at an advanced stage of developing a new model which is called COSMO. I don't know what that stands for, but it's called COSMO nonetheless.

It will have this capacity built into it and we're making a staff member available, a PhD student, who we have who's ... who's on special leave doing a PhD but when they come back, they go down to the ESRI and work with them on this and then when it's developed which I believe ... it finishes towards the end of this year, we'll have that capacity within the Department and somebody, you know, at a PhD level capable of using it. So, you know, we have ... in terms of the future solutions, you know, we've been sort of actively involved with the ESRI on that.