Mr. William Beausang:

Well, the people that would have been sitting around the table at the clearing house would have been the people that ... as we ran consultations on particular legislative initiatives that maybe were coming through from Europe, they would have been the people that we talking to. I mean, it wasn't in the main Clearing House Group that that ... that that would happen, I mean, there would be discussions on major initiatives but there was subgroups - maybe for the funds industry, for insurance, for reinsurance perhaps, I don't know - but those subgroups often would take a very keen interest in the legislative initiatives that were under development . And, I mean, the model was and the better regulation approach was that there was a wide consultation with industry, both nationally and at EU level, in looking at the development and the finalisation of, you know, EU financial services regulation.