Mr. William Beausang:

When you set up a regulator and give a regulator a role ... and my role relates to legislation and policy from financial regulation, I am looking across to Dame Street and they are responsible for financial stability. They are responsible for assessing the financial stability conditions in the bank. They are responsible, engaging with the Financial Regulator to really understand what is going on in the banks because the headline figures, as important as they are, it was really only what came through, what came into the public domain, let's say, once the banks' distressed loans were transferred into NAMA-----