Mr. William Beausang:

Okay. I mean, obviously there was, presumably, a very significant engagement between the forecasting side, the economic analysis side of the Central Bank, and the forecasting side of the Department. Because, you know, they'd be tick-tacking on their forecasts in the work that they were going on in that area. From my perspective in the banking, finance and international division, we would've had little contact with the Central Bank, per se, maybe around issues like the national payments strategy, movement to e-payments and so on and so forth. Our main interaction would've been with the Financial Regulator around the discharge of the various accountability requirements put in place in the legislation or the need for approval of the budget or commenting on the strategic plan or issues around the various ... the two panels that were in place.

And then down the line in my area, obviously, officials would have had quite intense engagement with experts in the Financial Regulator on particular, what they'd call, dossiers at EU level that would have been negotiated at that point in time. So from my perspective the relationship was, you know, at my level was quite operational. Of course, the Secretary General of the Department sat on the board of the Central Bank, so that was a separate flow or a separate relationship with the Central Bank.