Mr. William Beausang:

Well, I wouldn't agree with the bulk of that, the only element that I wouldn't agree with was the late engagement. I mean, going back to, going back specifically, say, to November 2007, work kicked off in preparing legislation to provide Government with options to deal with a systemic crisis, or the need to resolve a distressed institution. So I think, you know, the file record demonstrates that there was a significant amount of contingency planning carried out in the period from 2005 and intensified from 2007, late 2007 onwards.